Correction, 10:46 a.m. PST: This story misstated the day the SIA made its announcement. It is Wednesday.
The Semiconductor Industry Association said Wednesday it is projecting the first decline in global chip sales since 2001.
SIA projects that 2009 sales will decline by 5.6 percent to $246.7 billion before resuming growth in 2010.
The forecast projects sales this year of $261.2 billion, a 2.2 percent increase from sales of $255.6 billion last year. But sales in the fourth quarter, historically a strong time period for the microelectronics industry, are expected to decline by … Read more