Worldwide semiconductor sales climbed to $US11.8 billion in September, a 14.7 per cent jump over September 1996 sales, according to a report by the Semiconductor Industry Association (SIA).
The results are in line with the SIA's 1997-2000 worldwide forecast, which calls for industry growth of 5.5 per cent in 1997 and 16.8 per cent in 1998, according to SIA officials.
The 1997 recovery in chip sales is due to the continued expansion of the PC, the growth of telecommunications and surging interest in the Internet, according to the SIA.
The September data shows continued strong growth for the second half of 1997 with sales increasing in three of the four major chip markets.
The Americas market continued its dramatic recovery from last year, showing a 20.1 per cent increase in sales from September 1996, to $US3.9 billion for September 1997.
Year-to-year sales in the Asia-Pacific and European markets also soared, respectively, by 22.4 per cent to $US2.6 billion, and 15.7 per cent to $US2.3 billion. However, Japan's growth was only 1.3 per cent higher than September 1996, growing to $US2.8 billion.
Established in 1977, the SIA represents over 65 US-based semiconductor manufacturers. Data for the Global Sales Report was collected by World Semiconductor Trade Statistics (WSTS), an organisation of 70 companies.