Chip Sales Climbed 18.3 Percent In 2003By Channel Insider Staff | Print
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Chip sales during the past year demonstrated robust growth, the Semiconductor Industry Association reported Monday.Chip sales during the past year demonstrated robust growth, the Semiconductor Industry Association reported Monday.
The SIA, which represents over 80 percent of the United States' semiconductor companies, said that the chip industry grew by 18.3 percent to $166.4 billion, one of the strongest years on record.
The chip market was driven by strong demand for electronic products, and a resurgence of demand following the U.S. military operations in Iraq. The industry recorded an 11 percent sequential revenue increase to $48.1 billion in the fourth quarter from $43.3 billion in the third quarter, and a 28 percent rise in year-over-year revenue in December of 2003.
All geographic markets recorded rising chip sales in the final quarter of 2004, with sales in Europe up 14.5 percent sequentially, Japan up 10.5 percent in the quarter, sales in the Americas up 10.2 percent, and Asia Pacific revenue up 10.0 percent.