Chip sales surge 4.6% in May
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Chip sales in May surged 4.6% from April, the SIA has reported. The increase – from $23.62billion to $24.7bn – marks the largest sequential increase in sales for the industry since March 2010.
"May was an unambiguously strong month for the global semiconductor industry, with growth across all regions and particularly encouraging increases in the Americas and Asia Pacific," said Brian Toohey, SIA president and ceo. "Sales have remained ahead of last year's pace throughout 2013, indicating the increasing resiliency of the market."
Regionally, sales in May increased compared to April in Asia Pacific, the Americas, Japan and Europe, marking the first time since September 2012 that all four regions have seen sequential monthly growth.
Compared to the same month in 2012, sales in May increased by 5.8% in Asia Pacific, 3% in the Americas and 0.1% Europe, but fell by 18.4% in Japan, largely because of the devaluation of the Japanese yen.
"Building on the semiconductor industry's recent momentum will require enacting federal policies that embrace innovation and foster growth," Toohey continued. "The Senate's recent approval of comprehensive immigration reform legislation is a significant step forward. The House should follow suit and promptly approve legislation to fix America's outdated high skilled immigration system."
