Global chip sales fell 22 pct in December

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Global semiconductor sales fell 22 percent in December amid slumping demand for a wide swath of products that use chips, ranging from computers and mobile phones to cars, an industry group said.

The Semiconductor Industry Association (SIA) said sales fell $17.4 billion from $22.3 billion. Sales in December were down 16.6 percent from November levels. By contrast, November chip sales fell only 10 percent from November 2007.

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