The Semiconductor Industry Association (SIA) estimates chip sales grew 58.3 percent year-over-year to $23.06 billion in March 2010.
At $23.06 billion, the three-month average of global sales of semiconductors for March set a record high, exceeded expectations and were up 4.6 percent from the equivalent figure in February and up 58.3 percent from March 2009, according to the Semiconductor Industry Association.
Asia-Pacific region showed the strongest growth followed by the Americas, Japan and Europe in that order.
The top line number was slightly ahead of expectations reflecting continued progress in the recovery of semiconductor market demand. Bruce Diesen, an analyst at Carnegie Group (Oslo, Norway), had predicted the March three-month average would come in at $22.9 billion.