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Worldwide Semiconductor Sales for July (Text)

Sept. 2 (Bloomberg) -- Following is the text of the worldwide semiconductor sales report.

The Semiconductor Industry Association, representing U.S. leadership in semiconductor manufacturing and design, today announced that worldwide sales of semiconductors were $24.9 billion for the month of July 2011, essentially flat from prior month, but 3.2 percent higher than the same period last year on a year to date basis. 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,” said Brian Toohey, president, Semiconductor Industry Association.

Global economic stagnation will continue to affect the pace of growth across semiconductor markets. However, the industry is encouraged by better-than-expected recovery efforts in Japan.

SOURCE: Semiconductor Industry Association (SIA)

To contact the reporter on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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