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Worldwide semiconductor sales ratcheted up nearly 32 percent year-on-year in 2010 and reached a record $298.3 billion, according to the Semiconductor Industry Association.
"Semiconductor sales are a bright spot in our current economic picture, delivering a record high in the billions. The year-over-year growth is due in part to the increased use of semiconductor technology in a wider range of electronic devices that we have come to enjoy in modern life," said Brian Toohey, president, Semiconductor Industry Association. "Our member companies continue to ramp up their operations to meet the growing demand for semiconductor innovation."
SIA says all major semiconductor product categories showed double-digit growth for the year, and this despite a "modest decline of 3 percent" for the month of December compared to one month prior. For 2011, SIA predicts single-digit growth for the industry as a whole.
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