Worldwide sales of semiconductors hit a record $30.6 billion in January, an increase of 13.9% compared to the same period in 2016, according to the Semiconductor Industry Association (SIA). January marked the semiconductor industry’s largest year-to-year growth rate since November 2010.
“The global semiconductor industry is off to a strong and encouraging start to 2017, posting its highest-ever January sales and largest year-to-year sales increase in more than six years," said John Neuffer, SIA’s president and chief executive.
Sales into the China market increased by more than 20% year-to-year, and most other regional markets posted double-digit growth. “Following the industry's highest-ever revenue in 2016, the global market is well-positioned for a strong start to 2017," Neuffer said.
Global sales in January were 1.2% lower than the December 2016 total of $31 billion, the SIA reports, reflecting the normal seasonal market trend.