Not more good news from the chip market?

"Healthy demand in all major product sectors and in all geographic markets drove sales of semiconductors to record levels in the first four months of 2010," said Semiconductor Industry Association (SIA) president George Scalise.

The SIA's updated industry forecast points to chip sales growth of 28.4% in 2010.

Scalise sees signs that global economic growth rates of around 4.6% in 2010 will be enough to sustain true demand for semiconductors this year and next.

"These emerging markets - especially China and India - are creating demand for IT products, which in turn fuels demand for semiconductors," Scalise concluded.