Global sales of semiconductors have recorded an impressive growth in October 2003 by touching $15.4 billion, a 23.3 per cent rise from the same period last year.
With the October gain, the strongest since 1990, industry revenue has grown 16.4 per cent in the year to date, the Semiconductor Industry Association reported on Monday.
"October is always a strong month for our industry, but this exceeds historical norms," SIA president George Scalise said.
Global consumer electronics markets traditionally grow briskly in the month, reflecting the holiday buying season, and this year, the adoption of new applications and multi-functional devices was supporting the growth.
"This growth cycle is dynamic and broadly-based, drawing strength from all geographic markets, all product sectors and all end markets, especially computation, communications and global consumers," Scalise said.
In September this year, the sales worth $14.4 billion were recorded.
Revised third quarter United States GDP growth of 8.2 per cent was driven by strong consumer spending of 6.4 per cent and an upwardly revised increase of 18.4 percent in business spending on computers and software, providing additional evidence that business investment is now recovering, Scalise added.
Personal computers drove semiconductor growth in October, with DRAMS up 8 per cent and microprocessors rising to 6.6 per cent.
The wireless market also recorded rising demand and growth, reflecting renewed momentum in the Chinese market, where some 5 million new cell phone subscribers are added each month.
All geographic markets recorded rising chip sales in October, with Asia Pacific up 6.2 per cent sequentially, Japan up 5.9 per cent, Europe up 9.3 per cent, and the Americas up 6.7 per cent.
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