Chip sales set to grow, industry group says

The global semiconductor industry reached its highest sales in almost three and a half years in May, and is on track to post...

The global semiconductor industry reached its highest sales in almost three and a half years in May, and is on track to post strong growth throughout the rest of the year, the Semiconductor Industry Association (SIA) said in its latest forecast.

Worldwide sales of semiconductors rose to £9.5bn in May, an increase of 2% over the figure reported in April, the trade group said.

 

According to the SIA, May is traditionally a strong month for the industry, though on a year-over-year comparison, chips sales grew by 37% over May 2003.

 

However, Europe showed a decline in semiconductor sales for the month, with May sales of £1.7bn, down around 1%  from April. On the plus side, Europe saw year-on-year growth of 29%.

 

Sales of optoelectronics devices, digital signal processors and application-specific standard products were especially strong in May, due in part to the popularity of mobile phones with enhanced display, imaging and data capabilities, the SIA said.

 

A sia-Pacific posted the strongest growth in the month with sales of £4bn, up 54% from the previous year.
 

Laura Rohde writes for IDG News Service

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