EL SEGUNDO, CA -- Semiconductor sales fell sequentially in the fourth quarter, the first sequential drop in 18 months.

For the period ended Dec. 31, revenue contracted 3.7% to $77.2 billion, the first 90-day drop retreat since March 2009, IHS iSuppli said. Sales were up 11.9 year-over-year, however, and 2010 set a record revenue mark.

The last sequential drop was an 18% plunge in March 2009.

The good news is that the first quarter was typical of semiconductor seasonality, meaning the industry is returning more normal sales patterns, the research firm said.

The data are based on revenues from 298 semiconductor suppliers, iSuppli said.

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