May Semiconductor Sales up 9.4% Over 2005 to $19.7B

Worldwide sales of semiconductors in May 2006 grew by 9.4% over May 2005 to $19.7 billion, the Semiconductor Industry Association (SIA) reported. Sales rose by 0.7% from April 2006. 

As consumer products drive an increasing proportion of microchip sales, the growth of the semiconductor industry more closely reflects overall economic growth. 

Sales of cell phones and other consumer electronics products once again were the principal contributors to growth in semiconductor sales. 

Sales of analog chips grew by 21.5% from May of 2005, while digital signal processor (DSP) sales grew by 13.7% (both are important components of cell phones).

Strong growth in sales of NOR flash memory products and optoelectronic devices are good indicators of continued growth in sales of digital cameras and cell phones. 

Sales of PC microprocessors declined by 2% from May of 2005, reflecting both robust competition and some inventory corrections in this major market segment. Consumers continue to benefit from this competition, as the average selling price for a notebook computer has fallen below $1,000 for the first time ever.

In June the SIA raised its forecast for 2006 worldwide sales growth from 7.9% to 9.8%. 

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