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News: Chip sales rise to record $20.5 billion

Posted: 08:40AM

c|net - "Global sales of semiconductors rose 10.5 percent to a record $20.5 billion in August from the year-ago period, and increased 2.1 percent from July, the Semiconductor Industry Association said on Monday. The previous record for one-month worldwide chip sales was $20.4 billion in November 2005. "Semiconductor devices for consumer applications showed strong sequential growth, as manufacturers began gearing up for the holiday season. (And) a sharp decline in gasoline prices appears to have boosted consumer confidence," SIA President George Scalise said in a statement. Consumer end markets for chips--such as mobile phones, hard disk recorders, LCD televisions and digital cameras--now take up more than half of all chips being produced. "

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