The SIA has said that year-on-year growth for the semiconductor industry would be in line with its mid-year forecast of 28.4%, despite many market research firms expecting 30% and above growth rates in 2010. According to the SIA, global sales of semiconductors in the second quarter of 2010 grew to US$74.8 billion, an increase of 7.1% from the first quarter total of US$69.9 billion. June 2010 sales of US$24.9 billion were 0.5% higher than May when sales were US$24.8 billion.
“Sales in the first half of 2010 were exceptionally robust, driven by strong demand from a broad range of end markets,” said SIA President Brian Toohey. “Worldwide semiconductor sales of US$144.6 billion for the first half of 2010 were more than 50 percent higher than the same period of 2009 when sales were $96.1 billion.”
Sequential growth rates are expected to moderate in the coming months, according to the SIA.