Semiconductor sales go down by more than 35%

World semiconductor sales fell by more than 35% in February, according to Commerzbank Securities, which is recommending an underweighting in the global semiconductor sector. The bank says February sales figures of $10.01bn, following drops in global sales in the previous three months, indicate the problems faced by the sector. Steve Woolf, an analyst at Commerzbank Securities, says: 'Underlying end-product demand remains weak and inventory restocking has created a false dawn unless further improvements emerge shortly. We retain a negative stance.' The decline in February, he says, ...