Semiconductor sales up 37 percent over last year -

The Semiconductor Industry Association reckons that semiconductors are on the up globally, swelling to $25.2 billion in July, a 1.2 percent increase from June's $24.9 billion and a staggering 37 percent year-on-year from July 2009's $18.4 billion.

In terms of month to month sales the Asia Pacific market is leading the way overall with $25.2 biliion in July, up a percent from June's $24.93 billion. However the largest monthly growth has been in the Americas with a 3.6 percent boost, July taking in $4.75 billion from $4.58 billion in June. It is second in sales as well.

Growth and sales are followed in third place by Japan, with a 3.1 percent growth to take in $3.88 billion over July. As has been the trend in most markets, Europe takes fourth place growing only 0.8 percent and taking in $3.13 billion compared to June's $3.10 billion.

Yearly figures reflect markets leaving the global downturn with the general Asia Pacific market again leading the way in sales with 38.4 percent growth year-on-year, up $25.24 billion from $18.42 billion. The largest year-on-year growth has been in the Americas with a 52.7 percent change, up to $4.75 billion from $3.11 billion last year.

While monthly European figures appear dire there is a significant improvement over the year with 34.2 percent growth, hitting $3.13 billion currently compared to $2.33 billion last year. Japan is fourth on the year-on-year charts enjoying only a 19.9 percent growth, up from $3.24 billion to $3.88 billion this year. It's worth keeping in mind the individual health of the markets during the downturn.

SIA President Brian Toohey said: "Worldwide sales of semiconductors were strong in July despite growing indications of slower growth in the overall economy.

"The continued proliferation of semiconductors into a broad range of products provides opportunities for industry expansion even in a period of slower overall economic growth. 

"Although recent public statements from a number of major manufacturers have emphasized limited visibility for the near-term, we continue to expect that industry growth for 2010 will be in line with our mid-year forecast of 28.4 percent."