Despite a 1,3% month on month fall in sales for February, sales of semiconductors showed a marked improvement of 56,2% over the same period last year, says the Semiconductor Industry Association (SIA).
Sales for February amounted to $22-billion.
SIA president George Scalise says the February sales numbers reflect continued recovery in the industry with demand principally driven by the growth in sales of electronic products in emerging economies. The PC and mobile phone markets, which are projected to grow between 10% and 17% this year, are also big drivers.
Scalise adds that while the 56% year-on-year growth was encouraging, it is important to note that January and February of 2009 marked the low point for the semiconductor industry during the worldwide economic downturn.
He says the latest figures were encouraging signs that the global economic recovery will continue.