There is just no stopping semiconductor market growth right now.
Despite the economic portents suggesting at best another slowdown, at worst a double dip recession, the voracious appetite for all things microchip is still not sated.
The Semiconductor Industry Association reports that July global semiconductor sales were $25.2bn, which is 1.2 per cent up on June, and a whopping 37 per cent up on July last year.
“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 emphasised 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.
Year to date sales are $169.2 billion, an increase of 46.7% from the $115.3 billion reported for the first seven months of 2009, according to the SIA.
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