Worldwide chip sales have reached $144.4bn so far this year, a five per cent increase on the same period in 2004, the Semiconductor Industry Association reported today.
Sales rose significantly in August to $18.6bn, a 3.2 per cent rise on July and 1.7 per cent higher than in August last year.
The industry has been buoyed by news that PC unit sales are ahead of earlier forecasts, leading to increased sales of microprocessors and DRam.
Increased sales of mobile phones and MP3 players have also helped to push sales of Flash memory. PCs and mobile phones use up more than half of all chips produced in the world.
"While there are lingering concerns about the effects of high energy prices and the impact of Hurricanes Katrina and Rita in the US, end markets for semiconductors continue to be very strong," said George Scalise, president of the Semiconductor Industry Association.
The chip market remained flat in July, however, which analysts attribute to severe competition and falling prices, as well as fears of declining consumer demand.
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