14 DAY TRIAL // With the global economy on the mend, even despite the continued troubles in Europe, the IT industry seems to have recovered somewhat after the difficult years of 2008 and 2009. Last month, it was shown that even the global semiconductor industry performed especially well, amounting to $24.7 Billion in May. Now, with August finally underway, the Semiconductor Industry Association finished studying the outcome of June, and results continue to be promising. In fact, even with the good performance two months ago, the segment somehow managed to grow even further.
In June, SIA reported global chip sales of $24.9 billion, which is $0.2 billion more than the $24.7 billion recorded in May. This corresponds to a 0.5% on-month increase. Also, compared to the same month of last year, the market grew by 49.3%. For the most part, the good performance of the Americas and Japan accounted for this large sales amount. What's more, overall revenues during the second quarter reached $74.8 billion, which is 7.1% more compared to Q1. Granted, it should be noted that such high growth percentages would not have been possible if the industry hadn't slowed down as it did in 2009.
"Sales in the first half of 2010 were exceptionally robust, driven by strong demand from a broad range of end markets," said SIA President Brian Toohey. "Worldwide semiconductor sales of $144.6 billion for the first half of 2010 were more than 50 percent higher than the same period of 2009 when sales were $96.1 billion. We expect that sequential growth rates will moderate in the coming months, with the result that year-on-year growth for the industry will be in line with our mid-year forecast of 28.4 percent."
“Macroeconomic factors such as consumer confidence, job growth, and overall economic growth continue to bear watching for their possible impact on sales in the second half,” Toohey concluded