Worldwide semiconductor sales for 2010 reached a record US$298.3 billion, a 31.8% increase from US$226.3 billion in 2009, according to SIA.

Chip sales were US$25.2 billion in December 2010, down 3% sequentially but up 12.2% on year, SIA said. Sales amounted to US$75.5 billion in the fourth quarter, down 4% on quarter but up 12.2% over the same period in 2009.

"Semiconductor sales are a bright spot in our current economic picture, delivering a record high in the billions. The year-over-year growth is due in part to the increased use of semiconductor technology in a wider range of electronic devices that we have come to enjoy in modern life," said Brian Toohey, president of SIA.

In 2010, all major semiconductor product categories showed double-digit growth on year, SIA noted. As semiconductors have been America's top export over the last five years, it is important to note that the Asia Pacific region represents 54% of the total worldwide semiconductor market, SIA indicated. The Americas semiconductor market only accounts for 18% of the world market.

For 2011, SIA forecasts moderate single digit growth for the industry sector as a whole. This growth projection is encouraging given the continued impact of the economic downturn.

By: DocMemory
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