October chips sales hit all-time high, SIA says

October chips sales hit all-time high, SIA says

Driven by increased consumer demand for mobile phone and wireless products, a record $US13.4 billion worth of semiconductors were sold worldwide in October, according to a report released this week by the Semiconductor Industry Association (SIA).

The record for semiconductor sales had previously been set in November 1995 when $13.2 billion worth of semiconductors were sold worldwide, SIA said in statement.

The strong October sales already outpaces year-end forecast figures released on October 27 by the trade association which represents US-based semiconductor manufacturers. In the Global Sales Report (GSR), SIA had predicted sales to exceed $144 billion in 1999, a growth rate of 14.7 per cent for the year. The actual October sales figures push that growth rate up to 15.6 per cent for the year, SIA said.

SIA, founded in 1977, publishes its sales activity report every three months. The GSR numbers are compiled by the World Semiconductor Trade Statistics (WSTS) organisation, SIA said.


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