Sales up 3.2% over same period last year
WASHINGTON, Sept. 2, 2011 /PRNewswire/ -- The Semiconductor Industry Association (SIA), representing U.S. leadership in semiconductor manufacturing and design, today announced that worldwide sales of semiconductors were $24.9 billion for the month of July 2011, essentially flat from prior month, but 3.2 percent higher than the same period last year on a year to date basis. All monthly sales numbers represent a three-month moving average.
"Although the industry has experienced a slowing in the rate of growth in recent months amidst global economic uncertainty, we expect seasonal demand to drive sales growth in the second half of the year through the holiday season," said Brian Toohey, president, Semiconductor Industry Association.
Global economic stagnation will continue to affect the pace of growth across semiconductor markets. However, the industry is encouraged by better-than-expected recovery efforts in Japan.
Three-Month-Moving Average Sales
Feb /Mar /Apr
May / Jun / Jul
About the SIA
The Semiconductor Industry Association, SIA, is the voice of the U.S. semiconductor industry, America's number-one export industry over the last five years and a bellwether measurement of the U.S. economy. Semiconductor innovations form the foundation for America's $1.1 trillion dollar technology industry affecting a U.S. workforce of nearly 6 million. Founded in 1977 by five microelectronics pioneers, SIA unites over 60 companies that account for 80 percent of the semiconductor production of this country. Through this coalition SIA seeks to strengthen U.S. leadership of semiconductor design and manufacturing by working with Congress, the Administration and other key industry groups. The SIA works to encourage policies and regulations that fuel innovation, propel business and drive international competition in order to maintain a thriving semiconductor industry in the United States. Learn more at www.sia-online.org.
Semiconductor Industry Association
SOURCE Semiconductor Industry Association