Seeking Alpha

SIA: Chip sales post strongest Y/Y growth in 29 months

  • Trade association SIA estimates global chip sales rose 1.3% M/M and 6.4% Y/Y in August, the Y/Y figure represents not only an improvement from July's 5.1%, but the highest growth rate seen since March '11.
  • While strong memory chip sales (aided by mobile demand and favorable pricing) naturally contributed to the growth, SIA says demand for non-memory products also rose. The growth comes in spite of soft demand for PCs, home electronics, and servers.
  • Chip ETFs: SOXX, SMH, XSD, PSI, SOXL, USD, SOXS, SSG
  • Earlier: Micron, SanDisk, mobile chipmakers rally following Samsung forecast
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