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SIA: Chip sales "above expectations"; more growth expected

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Echoing a growing sentiment that economic recovery is in the works, the Semiconductor Industry Association today said that worldwide sales of semiconductors were up nearly 20 percent from the previous quarter, though down more than 10 percent from the same quarter a year ago. For the quarter ending September 30, sales were $61.9 million, compared to the prior quarter, when sales were $51.7 billion. For the year-ago quarter, sales were $68.9 billion. On a monthly basis, September sales were up 8.2 percent over August. In a statement, association President George Scalise said:

Global semiconductor sales in the third quarter were above expectations... September sales were in line with historical patterns, reflecting increased demand from end-users as they began the build for the holiday season. Unit sales of personal computers and cell phones – the two largest demand drivers for semiconductors – continue to run ahead of earlier forecasts. Meanwhile, demand for semiconductors for industrial applications – a sector that had declined sharply -- showed initial signs of recovery. Sales increased in all geographic regions.

Scalise also said that sales are running "well ahead of the worst-case scenarios projected early in the year." The group expects total sales for 2009 to be better than projected.

Previous coverage: SIA: Global chip sales showing sequential growth, hints of recovery

posted by Sam Diaz
November 2, 2009 @ 2:12 pm

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SIA: Chip sales "above expectations"; more growth expected

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