The worldwide semiconductor industry continued a broad recovery in
March as sales came in at $23.1 billion, up 58.3 percent from a year ago
and 4.6 percent from February.
The chip industry trade group, the Semiconductor Industry Association, said that the first quarter of last year marked the low point in semiconductor sales during the global recession and that a recovery has been boosting sales ever since. For the first quarter of 2010, sales were $69.2 billion, compared to $43.7 billion a year earlier. (All monthly sales numbers represent a three-month moving average, a mathematical smoothing technique).
“Global sales of semiconductors set a new high for the month of March and were second only to the record sales reported in November 2007,” said SIA President George Scalise. “Healthy demand from major end markets coupled with restocking to normal inventory levels contributed to strong first-quarter growth. 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.”
To read the full, original article click on this link: Chip sales grow 58 percent in March as recovery continues | VentureBeat
Author: Dean Takahashi
