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Sept. 3, 2019, 4:59 p.m. EDT

Global chip sales fall for a seventh straight month

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By Wallace Witkowski

Global chip sales fell year-over-year for a seventh straight month in July, according to the Semiconductor Industry Association late Tuesday. For July, global sales fell 15.5% to $33.4 billion from the year-ago period. "While global semiconductor sales in July were once again down on a year-to-year basis, month-to-month sales were up slightly," said John Neuffer, SIA president and CEO, in a statement. July sales were worst in the Americas with a 27.8% drop, followed by China, where sales fell 14.1% from a year ago. In June, SIA reported global sales had dropped for the third straight quarter and for the sixth straight month. The PHLX Semiconductor Index /zigman2/quotes/210598361/realtime SOX +2.65% is up 5.5% over the past 12 months, compared with a 0.2% rise in the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.48% and a 2.9% decline in the tech-heavy Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +1.29% .

/zigman2/quotes/210598361/realtime
US : Nasdaq
1,852.49
+47.83 +2.65%
Volume: 280,625
May 29, 2020 5:16p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
9,489.87
+120.88 +1.29%
Volume: 4.24M
May 29, 2020 5:16p
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