Global sales of semiconductors grew by 7.6% to $22.2bn in July from the same month a year ago, according to the latest SIA Global Sales report.

July sales of chip were also 2.8% ahead of June providing evidence of the chip markets current resilience to the fears of recession in the wider global economy. The message seems to be that demand for mobile phones, PCs and TVs is not falling off.
 
“Growing sales of consumer electronics, personal computers and cell phones – which account for about 80% of chip demand – contributed to a healthy 7.6% year-on-year increase in worldwide microchip sales,” said SIA president George Scalise.

“LCD TV units are projected to increase 32% this year, and digital set-top boxes and digital still cameras will both be up around 20%. Taking into account PC unit growth of about 13% and cell phone growth of over 10%, we are enjoying the benefits of the strong 3.3% second quarter GDP growth in the US and continued strength in world markets,” said Scalise.
 
SIA reported that sales of DRAMs and NAND flash memory continued to decline as a result of continuing price erosion. “Total semiconductor sales excluding memory products increased by 11.6% year-on-year and by 3.2% sequentially,” said Scalise.