February worldwide semiconductor sales up 56.2 percent year on year
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The Semiconductor Industry Association (SIA) has announced that global semiconductor sales in February were $22billion – an increase of 56.2% from February 2009.
However, according to the SIA Global Sales Report, the figure was down 1.3% from January when sales hit $22.3 billion.
SIA president, George Scalise (pictured) said the February sales numbers reflected a continued recovery of sales of semiconductors, with demand principally driven by growth in sales of electronic products in emerging economies.
Scalise stated: "Unit sales of the two leading demand drivers for semiconductors – personal computers and cell phones – are now projected to grow in the low to mid-teens in 2010. While the 56% year on year growth reflected in the February sales number is encouraging, it is important to note that January and February of 2009 marked the low point for the semiconductor industry during the worldwide economic downturn.
"There are encouraging signs that the global economic recovery will continue, and we remain cautiously optimistic that there is upside potential for growth beyond our November forecast for 2010."
