Worldwide chip sales for February 2013 were up 1.4% on year, but down 3.8% sequentially, according to data disclosed by the Semiconductor Industry Association (SIA).

Chip sales came to US$23.25 billion in February 2013, up by US$320 million from a year ago. But the figure showed a decline compared to the US$24.17 billion collected in January 2013, due to seasonal factors, SIA said.

February sales increased 1.4% sequentially in Europe, while the remaining worldwide markets registered single-digit rate decreases, SIA revealed. On an annual basis, the Asia Pacific and Americas markets showed particularly strong growth with a 6.7% and 1.6% rise respectively.

"Despite persistent economic uncertainty, the global semiconductor industry is off to a promising start in 2013 - led by strength in memory sales - and is ahead of last year's pace," said SIA president and CEO Brian Toohey in a statement. "To help spur stronger growth, (the US) Congress and the Administration should invest in basic research to boost American innovation, reform the high-skilled immigration system to welcome the top scientific minds from around the world, and modify the tax system so businesses can expand, invest and hire new workers."

By: DocMemory
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