The global sales of semiconductor industry went up by 3.8% to $63.4 Billion in the first quarter of 2008, revealed SIA.
The Semiconductor Industry Association (SIA) recently stated that despite economic pressure, the global semiconductor sales rose to $63.4 Billion, an increase of 3.8%, in the first quarter of 2008, as reported by InternetNews.
SIA also revealed that the semiconductor sales in March 2008 were recorded at $21.1 Billion against $20.5 Billion in the month before. Sales of microprocessor used in computers also increased annually at a rate of 13.4%. Moreover, the sales of microprocessor units went up by 17.4%, whereas that of other digital components including NAND flash memory, flash drives and mobile phones spurred by nearly 45.9% in the last quarter.
According to the industry experts, the sales of semiconductors were driven by the global mobile phone industry as people worldwide are looking for more advanced cell phones. New technologies like 3G, 4G, Global Positioning System (GPS) and Bluetooth have added to the features of cell phones and made them more sophisticated, attracting more and more people towards buying cell phone. In addition, the demand for cell phones is boosted by low cost and lower call rates, and increasing affordability of cell phones.
Furthermore, the growth in the chip industry is supported by the growing demand for computers in the business world. Addition of new technologies to computers is creating their heavy demand in the market. Outdated desktops are being replaced by laptops and palmtops are taking place of laptops, compelling consumers to buy computers.
In addition, the telecom industry and increasing education level are also giving support to sales of semiconductors. New gadgets are being used to enhance the penetration of telecom services and educated people are now more tech-savvy, therefore they buy new devices, which in turn, is pushing the semiconductor sales.
According to a Senior Research Analyst at RNCOS, “As the education level is rising and more advanced technologies are being increasingly integrated in computers, mobile phones and other devices, the demand for chip or semiconductors is rising, thus attracting high investments.”
Related Market Research Reports:
Semiconductor Industry (2007-2010)
Chinese Consumer Electronics Market till 2011
Consumer Electronics Market in Brazil (2007-2011)
