SAN JOSE, Calif.--(BUSINESS WIRE)--Global sales of semiconductors grew to $25.2 billion in July, an increase of 1.2 percent from June when sales were $24.9 billion and an increase of 37.0 percent from July 2009 when sales were $18.4 billion, the Semiconductor Industry Association (SIA) reported today. Year to date sales total $169.2 billion, an increase of 46.7 percent from the $115.3 billion reported for the first seven months of 2009. All monthly sales numbers represent a three-month moving average.
“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.
About the SIA Global Sales Report
The SIA Global Sales Report (GSR) is a three-month moving average of sales activity. The GSR is tabulated by the World Semiconductor Trade Statistics (WSTS) organization, an independent, non-profit organization established by the global semiconductor industry to compile industry statistics. The moving average is a mathematical smoothing technique that mitigates variations due to differences in companies’ financial calendars.
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About the SIA
The SIA is the voice of the U.S. semiconductor industry, America’s number-one export industry over the past five years. SIA seeks to continue U.S. leadership in this critical sector that employs 185,000 people in the U.S. and provides the enabling technology for America’s $1.1 trillion high-tech industries with a U.S. workforce of nearly 6 million people. More information about the SIA can be found at www.sia-online.org.
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