by Semiconductor Industry Association
Semiconductor Industry Ends 1st Quarter with Strong Global Sales
WASHINGTON, D.C.—May 2, 2011— The Semiconductor Industry Association (SIA), representing U.S. leadership in semiconductor manufacturing and design, today announced that worldwide sales of semiconductors were $25.3 billion for the month of March 2011, a 2.5 percent increase from the prior month when sales were $24.7 billion, and an increase of 8.6 percent from March 2010 when sales were $23.2 billion. Sales in the first quarter of 2011 reached $75.8 billion, an increase of 8.6 percent over last year’s first quarter sales of $69.8 billion and a sequential increase of 0.4 percent over the prior quarter. All monthly sales numbers represent a three-month moving average.
“At the close of the first quarter of this year we are very encouraged by the performance of the global and domestic semiconductor industry,” said Brian Toohey, president, Semiconductor Industry Association. “Now more than ever, it’s clear that the semiconductor industry is a force driving the U.S. economy forward and out of the recent recession.”
Currently the industry is on track to outpace the growth forecasts of the U.S. economy due to increased consumer and business demand for high-quality electronics products and the pervasive application of integrated circuits throughout most industries. Additionally, stabilization of infrastructure and ongoing recovery efforts in Japan have mitigated some of the impact that the mid-March natural disaster could have had on the semiconductor markets.
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About the SIA
The Semiconductor Industry Association, SIA, is the voice of the U.S. semiconductor industry, America’s number-one export industry over the last five years and a bellwether measurement of the US economy. Semiconductor innovations form the foundation for America’s $1.1 trillion dollar technology industry affecting a U.S. workforce of nearly 6 million. Founded in 1977 by five microelectronics pioneers, SIA unites over 60 companies that account for 80 percent of the semiconductor production of this country. Through this coalition SIA seeks to strengthen US leadership of semiconductor design and manufacturing by working with Congress, the Administration and other key industry groups. The SIA works to encourage policies and regulations that fuel innovation, propel business and drive international competition in order to maintain a thriving semiconductor industry in the United States. Learn more at www.sia-online.org
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