Global sales of semiconductors declined slightly year-over-year in the month of July due to a somewhat slow summer and currency devaluation in some regional markets, according to the Semiconductor Industry Association (SIA).
Worldwide sales of semiconductors for July were $27.9 billion, a decreased of 0.9% from the same month in 2014 when sales were $28.1 billion. Regionally, sales in the Americas were flat in July compared to last year, while sales in China increased 6%, the SIA says.
July global semiconductor sales were down slightly due to currency devaluations and normal slower market cyclesHowever, "despite these headwinds, year-to-date global sales through July are higher than at the same time last year, which was a record year for semiconductor revenues,” says John Neuffer, president and CEO of the SIA.
Yearly sales numbers so far are mixed with Asia-Pacific up 1.0%, but Europe and Japan being way down with -12.5% and -13.3%, respectively. The SIA says this is due to currency devaluation happening in these regions.
“One key facilitator of continued strength in the U.S. semiconductor industry is research, the lifeblood of innovation," Neuffer says. "SIA and Semiconductor Research Corporation this week released a report highlighting the urgent need for research investments to advance the burgeoning Internet of Things and develop other cutting-edge, semiconductor-driven innovations. Implementing the recommendations in the report will help the U.S. harness new technologies and remain the world's top innovator."
SIA takes all monthly sales numbers from the World Semiconductor Trade Statistics (WSTS) organization and represents a three-month moving average.
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