SAN JOSE--Worldwide chip sales continued to cover in April with revenues growing 3.1% to $11.07 billion last month from $10.73 billion in March, said a new report released today by the Semiconductor Industry Association here.
The new sales report provides the latest evidence of a continuing recovery in the semiconductor industry after a stronger than expected start to 2002 in the first quarter. In March, chip sales surged 7.2% from the previous month (see May 2 story), and a range of other indicators from trade groups as well as industry analysts show product shipments recovering from last year's severe downturn.
"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," said George Scalise, president of the SIA. "We expect the modest growth we are experiencing in the first half of the year to continue throughout the remainder of 2002."
"April's growth was led by an increase in sales in the wireless sector," he added.
While April continued the sequential month-to-month recovery in chip shipments, worldwide revenues last month were 19.4% lower than $13.74 billion in April 2001, said the new SIA Global Sales Report. The report uses a three-month moving average for sales activities and is tabulated by the World Semiconductor Trade Statistics (WSTS) organization, which represents 66 companies.
As in previous months, semiconductor revenues in the Asia Pacific region showed the strongest growth in April, climbing 5.7% to $3.97 billion compared to $3.76 billion in March, the SIA report said. In fact, the Asia Pacific chip market was the only region ahead of last year's sales volume. The region's sales were 12.1% higher than $3.54 billion in April 2001.
The Americas semiconductor market continued to be a drag on worldwide growth in April with sales only rising 0.2% to $2.62 billion vs. 2.61 in March, the new report said. Chip sales in the Americas were down 30.5% from $3.76 billion in the month last year.
Europe's semiconductor sales were up 1.1% to $2.28 billion in April compared to $2.26 billion in March, based on the report's three-month moving average. Compared to a year ago, Europe's chip revenues were 25.8% lower than $3.08 billion, said the SIA report.
Chip sales in Japan grew 4.4% to $2.20 billion in April from $2.11 in March, according to the report. However, Japan's semiconductor market was 34.5% below $3.36 billion, the SIA said.