Global semiconducter sales grew by 56.2 percent for February, solidifying the chip sale recovery. The rising chip sales are largely due to the growing demand for electronics and parts in emerging economies according to the most recent trade reports.
The Semiconductor Industry Association announced chip sales increased by more than $22 billion in February from the same month last year. Despite the immense growth, chip sales were still down marginally from the month prior when sales grew as high as $22.3 billion.
Recipients of chips are growing across the globe; however, the Asia Pacific region, which includes Japan, the world’s second largest economy rose by as much as 78.6 percent to $12.1 billion, leading the surge.
Continental sales grew by 47.8 percent to $3.6 billion. European sales were next in line, growing 36.5 percent to $2.9 billion.
PC and cell phone sales are the driver of chip sales and are anticipated to post demand growth of as much as 15 or 16 percent for the year.
The spike in semiconducter sales is being viewed as a positive indicator for the growth and recovery of the global economy as a whole.
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