Trade association the Semiconductor Industry Association said that its worldwide figures for February show the market is levelling out.
According to the SIA, that represents a growth of 3.3 per cent compared to February last year.
Said Doug Audrey, the SIA director of finance: "This month's numbers show signs of continued industry growth that we expect will remain steady throughout the year."
The Asia Pacific region showed a surge of 10.3 per cent sales growth compared to February last year, the US market was unchanged, while the European and Japanese markets showed a slight increase of 1.9 per cent and 2.8 per cent respectively.
However, the SIA's projections may be a little optimistic. A Dataquest survey of the semiconductor market, released last week, showed that many chip firms have to do much to regain lost sales.
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