SIA: November Chip Sales Up 11.3 Percent
Posted on: Tuesday, 2 January 2007, 15:00 CST
SAN JOSE, Calif. - Global chip sales increased 11.3 percent in November, driven by strong demand for consumer electronics, the Semiconductor Industry Association said Tuesday.
Sales totaled $22.7 billion, up from $20.4 billion in the same period in 2005.
"Despite some signs of slower economic growth in the fourth quarter, consumer purchases of electronic products remained strong and again drove semiconductor sales to record levels," said George Scalise, president of the semiconductor trade group.
The SIA also said semiconductor sales for the first 11 months of 2006 are in line with its forecast for 9.4 percent growth for the year, and 2007 sales are expected to grow 10 percent over 2006.
San Jose-based SIA has represented U.S. chip manufacturers since 1977.
Source: Associated Press/AP Online
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