Chips Sales Rise on Strength of PCs, Cell Phones

Paul Lilly

It wasn't a monumental leap, but global semiconductor sales went up 4.5 percent from April to May, settling in at $24.7 billion, says the Semiconductor Industry Association (SIA). The rise in sales was helped by steady demand for PCs, mobile phones, IT upgrades, industrial applications, and even automobiles.

"Growing concerns about issues such as government debt, declining consumer confidence, and pressures on government spending do not appear to have affected worldwide semiconductor sales to date," SIA President George Scalise said.

Peering into its crystal ball, SIA predicts PCs to grow by 20 percent this year, though it's unclear if the emerging tablet market falls into this category. Likewise, SIA said mobile phones will grow somewhere between 10 and 12 percent this year.

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