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.