Worldwide sales of semiconductors totaled $11.07 billion in April, a 3.1% increase from $10.73 billion in March, with all four geographic regions reporting growth for the second consecutive month, according to a report released last week by the Semiconductor Industry Association, San Jose.
Despite the sequential growth, a year-over-year comparison shows a market still struggling to find its feet.
"Semiconductor sales in April are continuing the steady growth exhibited in the first quarter of this year, another sign that the industry is rebounding from 2001. We expect the modest growth we are experiencing in the first half of the year to continue throughout the remainder of 2002," said George Scalise, SIA president, in a released statement.
Scalise added that April's growth was led largely by a rebound in sales within the wireless communications market.
The SIA's Global Sales Report is a three-month moving average of sales activity.
On a geographic basis, April sales grew 0.2% in the Americas, 1.1% in Europe, 4.4% in Japan, and 3.97% in the Asia-Pacific, compared with March.
But on an annualized basis, sales were down 19.4% worldwide from April 2001, dropping 30.5% in the Americas, 25.8% in Europe, 34.5% in Japan, and 12.1% in the Asia-Pacific.