Chip market shows signs of growth

The Semiconductor Industry Association (SIA) said chip sales worldwide amounted to $25.3 billion in March 2011, up 2.5 percent from the pervious month.

SIA president Brian Toohey claimed that the semiconductor industry is pulling the US out of recession, outpacing growth forecasts for the economy generally.

Sales in the first quarter of 2011 represented $75.8 billion, up 8.6 percent compared to the same quarter of 2010.

Asia Pacific showed the strongest growth month-on-month, with 3.3 percent rise in sales, while Europe showed a rise of 2.5 percent for the same period. Japan only showed a change of 0.5 percent, but Toohey said some of the impact of the Japanese earthquake and tsunami have been lessened because infrastructure is showing signs of stabilising.