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

|By:, SA News Editor

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.

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Earlier: Micron, SanDisk, mobile chipmakers rally following Samsung forecast