July Semiconductor Sales Up 37 Percent Year-on-Year

Global sales of semiconductors grew to $25.2 billion in July, an increase of 1.2 % from June when sales were $24.9 billion and an increase of 37.0 % from July 2009 when sales were $18.4 billion, the Semiconductor Industry Association (SIA) reported. Year to date sales total $169.2 billion, an increase of 46.7 percent from the $115.3 billion reported for the first seven months of 2009. All monthly sales numbers represent a three-month moving average.

"Worldwide sales of semiconductors were strong in July despite growing indications of slower growth in the overall economy," said SIA President Brian Toohey. "The continued proliferation of semiconductors into a broad range of products provides opportunities for industry expansion even in a period of slower overall economic growth. Although recent public statements from a number of major manufacturers have emphasized limited visibility for the near-term, we continue to expect that industry growth for 2010 will be in line with our mid-year forecast of 28.4 percent," Toohey concluded.