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Worldwide sales of semiconductors totaled $11.37 billion in May, a 2.8 percent increase from the $11.07 billion level reached in April, with broad-based growth in all product sectors except for computation, according to figures Monday from the Semiconductor Industry Association.
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"Continued steady growth across the industry is exhibited in May chip sales and, as announced in our forecast last month, we expect the industry to close the second quarter with growth of 4.7 percent," says George Scalise, president of the San Jose-based trade association. "While the computation sector is down, all other sectors including wireless and consumer continue to thrive. This increase drove the sales of such products as Flash, digital signal processors, application specific products and analog."
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In June, the SIA released its mid-year market forecast, which outlines what it sees as an industry-wide recovery currently under way. Semiconductor sales are expected to increase by 3.1 percent in 2002 with increases of approximately 9 percent in both the third and fourth quarters. The SIA expects the growth rate to accelerate to 23.2 percent in 2003 with wireless and digital consumer products leading the growth of sales.
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