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Chip sales rise
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January 2, 2002: 7:00 a.m. ET
Worldwide semiconductor sales post second consecutive month of growth.
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NEW YORK (CNN/Money) - Worldwide semiconductor sales posted a second consecutive month of growth in November and revenue was on target to show a solid gain for the fourth quarter of 2001, according to an industry report Wednesday.
The Semiconductor Industry Association reported worldwide chip sales climbed 1.6 percent to $10.6 billion in November from $10.44 billion in October.
"Our forecast released in November calls fourth-quarter sales to be 4.7 percent higher than the third quarter, and with two months of data now in, we are on target to meet that projection," said George Scalise, president of the association.
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"Personal computers, wireless communications, consumer products and automotive continue to fuel semiconductor sales and lead the industry out of its year-long recession," he added.
Despite overall growth in back-to-back months, chip sales in the Americas remained flat and fell 1 percent in Japan. The growth came mostly from Europe, a gain of 5.3 percent, and the Asian Pacific market, an increase of 2.5 percent.
The report is a three-month moving average representing worldwide sales of 66 semiconductor companies. 
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