Despite uncertainty still plaguing the international markets, the chip industry is growing, with August sales totalling $25.7 billion, according to the Semiconductor Industry Association (SIA).
The figures show a 1.8 percent increase on July’s sales, which totalled $25.2 billion. While this is hardly the sign of a boom in the industry it’s an encouraging trend, considering how harsh the recession has been.
What’s more, the figure represents a huge increase over last year’s figures, showing a recovery in the market. In August of 2009 the sector only pulled in $19.5 billion, making this year’s figure a massive 32.6 percent increase.
“Semiconductor sales have been strong with August marking the sixth consecutive month of sequential growth,” said Brian Toohey, President of the SIA. “PC and wireless related products along with infrastructure expansion in emerging markets, particularly in China and India, continue to drive sales. Concerns about economic conditions in the U.S. and Europe, coupled with seasonal patterns, bear close monitoring.”
Total sales for the first eight months of 2010 amounted to $194.6 billion, a 44.4 percent increase on the same period last year, when $134.7 billion was made.
Many regions faired differently in August, but all saw growth. Japan saw a healthy 4.1 percent increase, much higher than other regions, thanks to increased demand in the semiconductor industry.
The Americas saw a 2 percent increase, while the rest of Asia saw a 1.4 percent increase. Europe was bottom of the pile, however, with a miserable 0.1 percent increase, thanks to economic fears prompting people to not upgrade their computers. It is still growth, however, which will hopefully pick up in 2011.
The SIA has forecast that the total profit in the industry for 2010 will be $290.5 billion, a 28.4 percent increase on last year. If sales continue to rise, however, the chip market may even beat that forecast.