Chips Sector Growing at a Healthy Clip

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The Semiconductor Industry Association reported strong total sales in April of 2010. The SIA reported worldwide semiconductor sales of $23.6B which was 2.2% higher than March and 50.4% higher than April 2009. SIA President George Scalise discussed he continuing positive trends in the semiconductor industry:

“Global sales of semiconductors grew at a healthy rate in April, surpassing the previous monthly record level of November 2007. As expected, both the year-on-year and sequential growth rates moderated slightly. The unusually high year-on-year comparison is a reflection of the trough of the recession in early 2009 compared to strong demand today.

Important contributors to current growth of semiconductor sales include the worldwide adoption of 3G wireless communications and consequent investment in infrastructure and recovery of demand from the enterprise, automotive, and industrial sectors. Going forward, we expect semiconductor sales will return to historical seasonal patterns. Future growth of the industry remains heavily dependent on the continued global economic recovery, and in particular, on continued growth in the developing markets that are the largest demand drivers for our products.”


Source: SIA