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December Chip Sales Flat; SIA Forecasts Growth In 2004: Page 3 of 3

As a result of strong all-round sales growth capacity utilization exceeded 95 percent in the fourth quarter, according to the SIA.

All geographic markets recorded rising chip sales in the final quarter of 2004, with sales in Europe up 14.5 percent sequentially, Japan up 10.5 percent in the quarter, sales in the Americas up 10.2 percent and Asia Pacific revenue up 10 percent.