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Semiconductor sales in July grew to $24.4 billion, a 0.2 percent increase compared to the previous month, according to the Semiconductor Industry Association (SIA).
Chip revenue in July was 1.9 percent lower than July 2011 when sales totaled $24.8 billion, the SIA reported. All monthly sales numbers represent a three-month moving average, the association noted.
“July’s sales figures offer some encouraging signs for the global semiconductor industry, but it’s clear that macroeconomic challenges are restricting stronger growth,” said Brian Toohey, SIA president and CEO, Semiconductor Industry Association.
Toohey added that the regional outlook is uneven. “Japan has rebounded strongly from last year’s natural disaster and Asia Pacific has held steady, but Europe and the Americas have lagged."
Semiconductor sales in July 2012 increased 4.2 percent in Japan compared to July 2011. Chip sales and the Asia-Pacific region grew 1.4 percent in July 2012 compared to the same month one year ago.
However, semiconductor sales in Europe declined 10 percent, while chip sales in the Americas declined 10.4 percent in July 2012 compared to July 2011, according to the SIA.