Computer chip sales up in July

Aug 30, 2010
Worldwide semiconductor sales rose 37 percent in July over a year ago and were 1.2 percent higher than the previous month, the Semiconductor Industry Association (SIA) said Monday.

Worldwide semiconductor sales rose 37 percent in July over a year ago and were 1.2 percent higher than the previous month, the Semiconductor Industry Association (SIA) said Monday.

Global sales of hit 25.2 billion dollars in July, up from 24.9 billion dollars in June and 18.4 billion dollars in the same month a year ago, the SIA said.

It said year-to-date sales of 169.2 billion dollars were up 46.7 percent from the 115.3 billion dollars in the first seven months of last year.

"Worldwide sales of semiconductors were strong in July despite growing indications of slower growth in the overall economy," SIA president Brian Toohey said in a statement.

"The continued proliferation of into a broad range of products provides opportunities for industry expansion even in a period of slower overall ," Toohey said.

The SIA said it expected semiconductor industry growth of 28.4 percent this year.

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