Worldwide sales of semiconductors, the second-largest US export, increased by 1.6% to $23 billion in September compared to sales of $22.6 billion in September 2007. Sales grew by 1.1% from August 2008 when sales were $22.7 billion. Sales of $196.4 billion for the first nine months of 2008 were up by 4% compared to the first nine months of 2007 when sales were $189 billion. Excluding memory products, industry sales in September grew by 7.8% year-on-year. Bit demand for some memory products grew by more than 100% year-on-year, however, significant price attrition continued to impact revenues. Sales of flash memory chips declined by 37.5% year-on-year, while sales of DRAMs declined by 11.1% from September 2007.
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