The Semiconductor Industry Association (SIA) said that sales of chips worldwide amounted to $24.05 billion in January, up 3.8 percent from the figures for January 2012.
While that seems encouraging, the SIA said that uncertainty about the economic future was holding back real growth. Brian Toohey, president and CEO of the SIA, said: “The across-the-board spending cuts that hit last week and the threat of a [US] government shutdown later this month are just the latest examples of financial disruptions that sidetrack economic growth.”
The SIA figures for the worldwide growth don’t necessarily bring that much encouragement for the future. All of the regions show spotty symptoms that reflect the economic malaise that’s still affecting the global market for semiconductors.