MAY 31--Worldwide sales of semiconductors totaled $11.07 billion in April, a 3.1% increase from the $10.73 billion level reached in March, with all four geographic regions reporting growth for the second month in a row, according to the Semiconductor Industry Association (SIA; San Jose, CA; www.sia-online.org). "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," stated George Scalise, SIA president. He added, "April's growth was led by an increase in sales in the wireless sector."
The SIA Global Sales Report is a three-month moving average of sales activity. It is tabulated by the World Semiconductor Trade Statistics organization, which represents approximately 66 companies. The moving average is a mathematical smoothing technique that mitigates variations due to companies' monthly financial calendars.