EU semi sales grow faster than whole economy
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The European semiconductor market grew faster in dollar terms than the world as a whole in May, according to figures from the World Semiconductor Trade Statistics (WSTS).
Compared to April 2014, the European semiconductor market increased by 2.1% in May to reach $3.1billion – a 10.1% jump compared to the same period in 2013.
The growth is attributed to strong demand in the areas of discrete, analogue and logic ICs. Sales of application specific chips were also positive in May over April.
"The wireless market continues to be the strongest end market, and a brisk growth could be observed in the sales of devices designed for consumer and wired communication applications," said WSTS in a statement.
On a worldwide basis, semiconductor sales in May of this year were $26.862bn, up 2% compared to the previous month and 8.8% over the same period in 2013.
WSTS says exchange rate effects continued affecting the European sales picture in May when comparing market growth in Euros and in Dollars.
In Euros, semiconductor sales were €266billion in May, an increase of 1.9% over the previous month and an increase of 3.7% versus the same month a year ago.
