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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 -1.06% 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 -0.39% and a 2.9% decline in the tech-heavy Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -0.83% .

/zigman2/quotes/210598361/realtime
US : Nasdaq
1,590.09
-17.07 -1.06%
Volume: 149,328
Oct. 18, 2019 5:16p
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/zigman2/quotes/210599714/realtime
US : S&P US
2,986.20
-11.75 -0.39%
Volume: 1.99B
Oct. 18, 2019 5:08p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
8,089.54
-67.31 -0.83%
Volume: 1.82M
Oct. 18, 2019 5:16p
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