The Semiconductor Industry Association (SIA) announced Monday that sales of semiconductor chips reached $13.4 billion in August, up from $12.9 billion the previous month. This is the , the SIA said. Year-over-year revenue increased 12.5 percent from $11.9 billion recorded in the same period a year earlier.
"With the exception of the peak year of 2000, this is the strongest monthly increase in August since 1990," SIA President George Scalise said in a statement. Sales in the Asia-Pacific region grew 6.4 percent, while the increase in Japan was just 1.6 percent. Europe posted an increase of 3.8 percent over July, and the Americas recorded a 2.5 percent increase.
Chips used in consumer devices such as DVD players and cameras rose by 5.3 percent, while flash memory chips were up 6.9 percent since July. The SIA said demand for digital signal processors used in wireless devices was revived, after problems relating to inventories in Asia were resolved. The wireless sector posted a 4.7 percent growth.
Last month, research firm Gartner observed that. The firm was more bullish in its forecast, saying that the worldwide semiconductor market should reach $173 billion in 2003, compared with $156 billion last year, an 11.2 percent increase. The SIA has .