News
EL SEGUNO, CA — Eight
of the Top 10 semiconductor firms suffered revenue declines for the year, according
to iSuppli Corp.
TAIPEI - Foxconn Electronics (Hon Hai) reported its lowest revenues in two years, with February non-consolidated falling 10.5% sequentially and 10.6% year-over-year.
The company, the world's largest EMS provider, had sales of NT$82.7 billion ($2.38 billion) for the month.
Foxconn cited IT seasonality and lackluster consumer electronics sales for the drop.
ARLINGTON, VA --
Electronic component orders continued to fall in February, but not as
sharply as in January, according to the monthly index compiled by the
Electronic Components Association. The 12-month average, comparing
this year's results to last year's, continued a descent that began last
summer.
Although the overall trend continued to be down there was a glimmer of hope from a couple of companies that reported orders above 2008 levels in the last week of the month.
"I believe the numbers show that the economic downturn is affecting different companies in different ways," said Bob Willis, ECA president, in a statement.
Although the overall trend continued to be down there was a glimmer of hope from a couple of companies that reported orders above 2008 levels in the last week of the month.
"I believe the numbers show that the economic downturn is affecting different companies in different ways," said Bob Willis, ECA president, in a statement.
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