Chip Sales Post Strong Recovery In 1Q

Mon, 05/03/2010 - 6:25am

SAN JOSE, Calif. (AP) -- Worldwide semiconductor sales were up 58 percent in the first quarter compared to a year ago, the Semiconductor Industry Association reported Monday.

Last year\'s first quarter marked the low point of the recession, and the latest figures represent a return to near pre-recession levels. They were a record for the first quarter, and the highest since late 2007, the industry group said.

"While we expect that 2010 sales will continue to be strong, the year-on-year growth rate will moderate going forward, reflecting the industry recovery that began in the second half of 2009," said SIA President George Scalise.

Average monthly sales were $23.1 billion, up 2.8 percent from last year\'s fourth quarter.

Year-over-year growth was most pronounced in the Asia-Pacific region, where sales climbed 72 percent, and the Americas, where sales rose 48 percent. Sales increased 42 percent in Europe and 43 percent in Japan.



Share this Story

You may login with either your assigned username or your e-mail address.
The password field is case sensitive.