Date:8th Aug 2011

Global semiconductor sales in June 2011 weaken by 0.5%, SIA

Worldwide semiconductor sales slipped by 0.5 percent from $25 billion a year ago, the Semiconductor Industry Association (SIA) reported that worldwide sales of semiconductors is $24.7 billion for the month of June 2011. The sales in the second quarter were down by 2 percent compared to the previous quarter and also the Asia Pacific sales is slipped by 1.5% from $13.93 in May 2011 to $13.41 in June, reports SIA.

"Despite this month's modest contraction in sales, the industry saw a 3.7 percent increase in the first half of 2011 sales compared to the same period last year which saw record breaking growth," said Brian Toohey, President, Semiconductor Industry Association. "Overall semiconductor sales are on track with growth projections of 5.4 percent growth for 2011", he adds.

The Key factors the association is focusing on includes a corporate PC refresh cycle, smartphone demand, and overall increase in semiconductor content in the growing sector like automotive, balancing slower consumer sales and a quick recovery of the Japan disaster.

On the other hand, MarketResearch.com announced that the semiconductor market is likely to reach $300 billion by 2013.