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World Chip Increases Of 14% Year-on-year In August 2002,

World chip increases of 14% year-on-year in August 2002, is again fuelled by a 38.4% increase in Asia Pacific. Total sales in August 2002 are reported at $11.93bn, according to the World Semiconductor Trade Statistics (WSTS). Asia Pacific's share was $4.38bn. The US market declined 0.8% to $2.58bn. Europe and Japan showed modest increases of 4.9% and 7.1% to $2.21bn and $2.75bn, respectively.
"The August data confirm that the semiconductor industry is in the midst of
a broadly-based upturn," claims George Scalise, president of the US
Semiconductor Industry Association (SIA). "After 5.6% sequential growth in
the first quarter of 2002 and 5.8% growth in the second quarter, the
double-digit year over year increase in August sales is yet further evidence
of a sustained and durable recovery."
The SIA further says that wireless is the strongest end market. New wireless
subscribers continue to come on line in Asia and European sales growth is
also assigned to this sector. The North American fall is put down to
equipment manufacturing being outsourced to Asian facilities.

AMD says that sales for Q3 (to end September 29, 2002) will be approximately
$500mn. The company's projection in its Q2 results was for Q3 sales to
improve modestly compared with the $600mn in that quarter. These new reduced
sales expectations mean a substantial operating loss for the quarter.
"While our flash memory business is improving and showed sequential sales
growth for the second consecutive quarter, the weakness in the personal
computer market continues to impact AMD," says Robert J Rivet, AMD's Chief
Financial Officer. "In the absence of any significant improvement in PC
demand in the just completed quarter, we accelerated our efforts to reduce
processor inventory in the PC supply chain. The aggressive actions we took
to lower the total inventory and align the mix with current opportunities
had a significant negative impact on our third quarter processor sales in
units, revenues and ASPs."
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