Global IC sales remain flat in July

Washington, DC — Worldwide sales of semiconductors totaled $24.9 billion in July 2011, flat from the previous month, but 3.2 percent higher than the same period last year on a year-to-date basis, according the latest report from the Semiconductor Industry Association. All monthly sales numbers represent a three-month moving average.

“Although the industry has experienced a slowing in the rate of growth in recent months amidst global economic uncertainty, we expect seasonal demand to drive sales growth in the second half of the year through the holiday season,” stated Brian Toohey, president, Semiconductor Industry Association.