Global chip sales increase 1.8 percent month-on-month

WASHINGTON, USA: The Semiconductor Industry Association (SIA) reported that worldwide semiconductor sales in August were $25.7 billion, an increase of 1.8 percent from July when sales were $25.2 billion.Source: SIA, USA.

Sales increased by 32.6 percent from August 2009 when sales were $19.4 billion. Sales for the first eight months of 2010 were $194.6 billion compared to $134.7 billion for the same period in 2009, an increase of 44.4 percent. All monthly sales numbers represent a three-month moving average.

“Semiconductor sales have been strong with August marking the sixth consecutive month of sequential growth,” said SIA president Brian Toohey.

“PC and wireless related products along with infrastructure expansion in emerging markets, particularly in China and India, continue to drive sales. Concerns about economic conditions in the US and Europe, coupled with seasonal patterns, bear close monitoring. We remain confident in our $290.5 billion forecast, which represents 28.4 percent annual growth for 2010,” Toohey concluded.Source: SIA, USA.