Semi Sales Hit $18.2B, New High, August 2000, Firm Says
Electonic News
Oct 03, 2000 --- Worldwide sales of semiconductors surged yet again last month $11.91 billion, or 53 percent, to hit a new industry high of high of $18.19 billion for August 2000, the Semiconductor Industry Association (SIA) reported today.
SIA said that the increase in semiconductor sales was apparent in all geographical regions with the wired, wireless and Internet infrastructure markets experiencing the largest growth in demand.
The Asia Pacific and Japan markets grew 60.2 percent and 53.7 percent respectively from last year. The Americas market was up 50.3 percent from last year, and Europe's sales grew 46.4 percent, according to the report.
“This is a remarkable year for semiconductors,” said SIA president George Scalise, in a statement.
“We continue to see strong growth for chips used in consumer, Internet, and telecommunications products,” he added.
In July, sales hit the previous record high of $17.3 billion, increasing from $11.5 billion in July 1999, a 50 percent year-over-year growth in chip sales.
The SIA's Global Sales Report (GSR) is a three-month moving average of sales activity. The GSR is tabulated by the World Semiconductor Trade Statistics (WSTS) organization, which represents some 70 companies. The three-month moving average is a mathematical smoothing technique that takes out variations due to company's monthly financial calendars.
The semiconductor industry has been led by a 17 percent compound annual growth rate (CAGR) for the past 40 years.
“We are confident the industry will reach our forecast of 31 percent growth for 2000 once we tally sales for the final months of this year,” said Scalise, reaffirming a prediction he made also made last month.
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