WASHINGTON, D.C., May 31, 2011
The Semiconductor Industry Association (SIA), representing U.S. leadership in semiconductor manufacturing and design, today announced that worldwide sales of semiconductors were $24.7 billion for the month of April 2011, a 2.2% decline from the prior month when sales were $25.2 billion, and an increase of 3.9% from April 2010 when sales were $23.7 billion. All monthly sales numbers represent a three-month moving average.
“Although month-over-month sales saw a slight decline, we remain optimistic given that the industry has increased sales compared to the same month last year,” said Brian Toohey, president, Semiconductor Industry Association. “We expect moderate growth to continue through the remainder of the year.”
The month-over-month results are slightly below seasonal patterns in part due to the natural disaster in Japan. The industry continues to mitigate the impact through successful supply chain recovery efforts and should see significant improvement reflected in the second half of 2011. Year-to-date growth of the semiconductor industry, continues to trend higher than the national GDP and in 2010 hit a record-breaking $298 billion in worldwide annual revenue.
Overall, higher fuel and food costs have led to a decrease in consumers’ discretionary funds. This trend could be a factor in the overall softening of growth across all U.S.-based manufacturing industries. The SIA will release an updated Semiconductor Growth Forecast for 2011 to 2014 from the World Semiconductor Trade Statistics organization in early June.
Click here to view the April 2011 chart and graph.
About the SIA
The Semiconductor Industry Association is the voice of the U.S. semiconductor industry, America’s number-one export industry over the last five years and a bellwether measurement of the U.S. economy. Semiconductor innovations form the foundation for America’s $1.1 trillion dollar technology industry affecting a U.S. workforce of nearly six million. Founded in 1977 by five microelectronics pioneers, SIA unites more than 60 companies that account for 80% of the semiconductor production of this country. Through this coalition, SIA seeks to strengthen U.S. leadership of semiconductor design and manufacturing by working with Congress, the administration, and other key industry groups. The SIA works to encourage policies and regulations that fuel innovation, propel business, and drive international competition to maintain a thriving semiconductor industry in the United States. www.sia-online.org