August IC Sales Up 2.2% YoY
WASHINGTON, DC — The 90-day average worldwide sales of semiconductors grew 2.2% year-over-year in August on higher demand for PCs.
Sales reached $25.03 billion, up 0.7% from the revised July figure, the Semiconductor Industry Association reported today.
Sales in August were in large part driven by strong demand in tablets and PCs,” said Brian Toohey, president, SIA. “Growth in these areas is encouraging, however lower consumer and industrial demand across a wide range of products and markets is keeping overall sales lower than expected at this point.”
A strong month-to-month increase in sales from Japan due to recovery efforts and output from fabrication facilities after the natural disaster earlier this year helped to increase semiconductor sales throughout August. Additionally, due to the compounding effect of increased semiconductor content in cars, automotive application specific semiconductors have experienced double digit growth year-to-date. In the midst of a slow and soft global economic picture, growth in the semiconductor industry is promising.
Semiconductors are considered a leading indicator for future printed circuit board sales.
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