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Semiconductor Sales Increased 1.8 Percent in May

Global sales of semiconductors increased 1.8 percent to $25 billion in May compared to April, according to the Semiconductor Industry Association (SIA). Chip sales also increased 1.3 percent from May 2010.

"Taking into consideration macroeconomic factors impacting consumer confidence, the steady but modest growth that the industry demonstrated in May is encouraging," said Brian Toohey, SIA president. He added that global demand for high-end electronics, the growing use of semiconductor technology in a wider range of products, and better-than-expected recovery from the Japan earthquake are driving industry growth in 2011.

Media tablets, e-readers, automotive electronics systems, renewable energy equipment and smart meters are also helping drive chip demand.

Year-to-date results are in line with the SIA's forecast of 5.4 percent sales growth in 2011, the association said.