Do Semiconductor Sales Signal a Recovery?
The Semiconductor Industry Association (SIA), today announced that worldwide sales of semiconductors were $25.8 billion for the month of September, an increase of 2.7 percent from the prior month when sales were $25.1 billion.
America’s number-one export industry over the last five years overall quarter-over-quarter sales increased 2.1 percent and on a year-to-date basis sales grew 2.2 percent. All monthly sales numbers represent a three-month moving average. September’s global sales demonstrate an optimistic close to the 3rd quarter.
“A 13.7 percent quarter-over-quarter increase in Japan was driven by progress made in their recovery efforts. Additionally, strong demand for automotive applications and mobile processing in handheld devices like smart phones, tablets and eReaders added to the quarter-over-quarter increase. An updated World Semiconductor Trade Statistics (WSTS) forecast is expected to be released at the end of November,” according to SIA.