Global semiconductor sales hit $22 billion in February – up 56.2 per cent compared to the same month last year.
According to the Semiconductor Industry Association, the figures represent a 1.3 per cent decline from January’s $22.3 billion sales.
“The February sales numbers reflect continued recovery of sales of semiconductors, with demand principally driven by growth in sales of electronic products in emerging economies,” said SIA president George Scalise. “Unit sales of the two leading demand drivers for semiconductors – personal computers and cell phones – are now projected to grow in the low- to mid-teens in 2010. While the 56 per cent year-on-year growth reflected in the February sales number is encouraging, it is important to note that January and February of 2009 marked the low point for the semiconductor industry during the worldwide economic downturn.
“There are encouraging signs that the global economic recovery will continue, and we remain cautiously optimistic that there is upside potential for growth beyond our November forecast for 2010.”