The Semiconductor Industry Association said today that sales of semiconductors increased 1.2% in July to $25.2 billion, which represents a 37% rise from one year ago (see CHART PG 2).
“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.
Sales growth is beginning to slow but the industry also continues to benefit from the global recovery, especially in Asia.
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