Economic Growth Brightens Semiconductor Sales Outlook May 21, 2012

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Worldwide sales of semiconductors in March 2012 were $23.3 billion, up 1.5% from February 2012 sales of $23.0 billion and down 7.9% from March 2011 sales of $25.3 billion according to the Semiconductor Industry Association (SIA).

Worldwide sales of semiconductors in the first quarter of 2012 were $69.9 billion, down 7.9% first-quarter 2011 sales of $75.9 billion and a sequential decrease of 2.2% over the prior quarter.

"We are encouraged to see that sequential growth resumed across all regions, especially in Europe and Japan, in March," said Brian Toohey, SIA president. "We look for seasonal moderate growth to continue in the second quarter and build momentum as 2012 progresses. However, while forecasts for global economic growth are improving, macroeconomic and geopolitical uncertainties remain."

Europe's March sales were up 3.8% in March. Japan was up 1.2%.

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