Thursday, June 2, 2011

Semiconductor on-year sales growth encouraging, says SIA

Worldwide sales of semiconductors totaled US$24.7 billion in April 2011, up 3.9% from US$23.7 billion a year earlier, according to the Semiconductor Industry Association (SIA). Sales, however, were down 2.2% from the US$25.2 billion posted in March.

"Although on-month sales saw a slight decline, we remain optimistic given that the industry has increased sales compared to the same month last year," said Brian Toohey, president of SIA. "We expect moderate growth to continue through the remainder of the year."

The on-month results are slightly below seasonal patterns in part due to the natural disaster in Japan. The industry continues to mitigate the impact through successful supply chain recovery efforts and should see significant improvement reflected in the second half of 2011, SIA said.

"Overall, higher fuel and food costs have led to a decrease in consumers' discretionary funds. This trend could be a factor in the overall softening of growth across all US-based manufacturing industries," SIA said.

SIA will release an updated semiconductor growth forecast for 2011-2014 from the World Semiconductor Trade Statistics (WSTS) organization in early June.

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