Tuesday, September 15, 2009

Semiconductors growing nicely

A little noticed report recently highlights  the rebound and strength in semiconductors. Worldwide sales increased 5.3% in July to $18.2 billion, according to the Semiconductor Industry Association.

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“The fifth-consecutive month of sequential increases in semiconductor sales reflects  improving demand in the consumer sector,” said SIA President George Scalise.

“Sales of consumer products such as netbook PCs and cell phones are supporting the modest recovery in demand that is now under way. Purchases of Information Technology products by the enterprise sector continue to be tempered by caution and longer replacement cycles.

There is also evidence of a return to seasonal industry patterns,” Scalise concluded.

Manufacturing has been turning up recently and semiconductors are among the bright spots.

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