Worldwide sales of semiconductors reached $24.4 billion in May 2012, a 1.4% increase over May's $24.1 billion, according to the Semiconductor Industry Association.
Combined global sales during the March-April-May period was up over December-January-February by 6.4%--the highest rate since June 2010. May was also the third consecutive month that sales have grown over the previous month, which makes it the longest streak of sequential monthly growth since September 2010.
The association said sales from May 2012 were 3.4% lower than May 2011's $25.2 billion. Year-to-date sales were lower across all regions than at the same time in 2011. SIA said all its reported monthly sales numbers represent a three-month moving average.
SIA President and CEO Brian Toohey said recent sales totals are in-line with projections--the industry expected modest growth for the remainder of 2012. He added that more robust growth is limited by the sluggish global economy.
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