SIA: March chip sales up 58.3 percent

Posted on Tuesday, May 04 2010 @ 2:28 CEST by Thomas De Maesschalck
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.


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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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