Global semiconductor sales rise in February
The global semiconductor industry sold $27.8 billion worth of chips in February, a 6.7 percent increase over the same month last year, according to the Semiconductor Industry Association.
The monthly report showed a dip in sales from January to February, but that is typical for the industry. February marks the 22nd consecutive month of year-over-year sales growth for the industry.
“Sales of DRAM and analog products were particularly strong, notching double-digit growth over last February, and the Americas market achieved its largest year-to-year sales increase in 12 months,” said John Neuffer, president and CEO of SIA.
Arizona benefits from more sales in semiconductors with more than 30,000 workers in the industry, and Phoenix is home to such companies as Intel Corp. (Nasdaq: INTC), Microchip Technology Inc. (Nasdaq: MCHP) and ON Semiconductor Corp. (Nasdaq: ONNN)
Sales were strongest in the Americas, rising 17.1 percent year over year. They also were up in the Asia Pacific sector, but down in Europe and Japan. Asia Pacific and the Americas are the two largest components of semiconductor sales.