The number crunchers over at the Semiconductor Industry Association (SIA) added up worldwide sales of semiconductors for the month of September and came up with $25.8 billion, an increase of 2.7 percent from one month prior when sales were $25.1 billion. SIA viewed this as "an optimistic close to the third quarter," which was 2.1 percent higher than Q2 and 2.2 percent higher year-over-year.
"While global economic uncertainty creates limited visibility for the remainder of the year, recent positive indicators and developments in the U.S. and Europe are encouraging," said Brian Toohey , president, SIA.
Sales in Japan were particularly strong with a 13.7 percent quarter-over-quarter increase. SIA attributed this to progress made in their recovery efforts, as well as strong demand for automotive applications and mobile processing in handheld gadgets like smartphones, tablets, and eBook readers.