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February semiconductor sales up 11.4 percent compared to 2013

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Harmeet
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WASHINGTON, USA: The Semiconductor Industry Association (SIA), has announced that worldwide sales of semiconductors reached $25.87 billion for the month of February 2014, an increase of 11.4 percent from February 2013 when sales were $23.23 billion. This marks the industry's largest year-to-year increase in more than three years.

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Global sales from February 2014 were 1.5 percent lower than the January 2014 total of $26.26 billion, reflecting normal seasonal trends. Regionally, sales in the Americas increased by 18 percent compared to last February. All monthly sales numbers are compiled by WSTS and represent a three-month moving average.

"The trend lines remain positive for the global semiconductor industry, which has followed record revenues in 2013 with an encouraging start to 2014," said Brian Toohey, president and CEO, Semiconductor Industry Association. "The Americas market continues to demonstrate impressive growth, while sales in Asia Pacific and Europe also increased substantially year-to-year, and the Japanese market continued its recent rebound."

Regionally, year-to-year sales increased in the Americas (18 percent), Asia Pacific (12 percent), and Europe (9.6 percent). Sales decreased slightly in Japan (-0.2 percent), but February marked the region's smallest year-to-year decrease since August 2012. Sales fell across all regions compared to the previous month, as February sales historically are lower than January sales due to seasonal trends.

"The US semiconductor market has been a key driver of global market growth over the last year, and policymakers in Washington can help maintain this momentum by enacting measures that remove obstacles to continued growth," Toohey continued.

"One such obstacle is America's dysfunctional immigration system, which was revealed again this week when scarce H-1B visas were rapidly claimed by employers. Lawmakers should recognize that outdated immigration policies hamper economic growth and innovation, and they should work together to enact meaningful immigration reform in short order."

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