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Semiconductor Sales to Exceed $300B for the First Time

By - Source: SIA | B 4 comments

It's been a yawner of a year, but we will hit a milestone mark.

The Semiconductor Industry Association (SIA) believes that the industry will gain just about 1.3 percent over 2010 and end up at about $302 billion in sales.

However, the good news is that the $300 billion mark will be broken for the first time, setting a new milestone for the industry. For 2012, the chip industry expects another tough year with 3.7 percent of growth, while 5.8 percent are predicted for 2013. October chip revenue was $25.7 billion, slightly down from $25.7 billion in September. Compared tpo October 2011, chip sales were down 1.8 percent from $26.2 billion.

"The combination of record-breaking sales in 2010 coupled with this year’s forecast topping the $300 Billion mark for the first time is welcome news for both the semiconductor industry and the entire economy," said SIA president Brian Toohey in a prepared statement. "Despite a challenging global economic environment this year and the natural disasters that have impacted production in Asia, the semiconductor industry has demonstrated impressive resilience."

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  • 7 Hide
    sonik777 , December 7, 2011 3:38 AM
    "October chip revenue was $25.7 billion, slightly down from $25.7 billion in September."

    How bout that.
  • -1 Hide
    joytech22 , December 7, 2011 4:28 AM
    I.T is a great hobby..

    Mainly because it's fun, second because it has the potential to make people money off of their hobby.
    One of the few hobby's that can make money. lol

    How that was relevant to the story at all I have no idea.
  • 0 Hide
    thesnappyfingers , December 7, 2011 4:50 AM
    Quote:
    ""October chip revenue was $25.7 billion, slightly down from $25.7 billion in September."

    How bout that."


    Rounding error I guess...
  • 0 Hide
    _Cubase_ , December 8, 2011 1:13 AM
    "October chip revenue was $25.7 billion, copy and pasted from the $25.7 billion in September."

    Fixed...