Semiconductor sales in the first half of 2011 grew 3.7 percent from the same period a year ago, although sales dipped 1.5 percent between May and June, said Semiconductor Industry Association.
Sales in the second quarter are down 2 percent compared to the first quarter, SIA said. Corporate PC replacement, smartphone popularity and increased overall information technology investment in June was offset by slower consumer demand.
“Overall semiconductor sales are on track with growth projections of 5.4 percent growth for 2011,” said SIA President Brian Toohey.
He said the industry is encouraged by the Obama Administration’s move to increase economy fuel standards because although it's years away, more technologically advanced vehicles will require more semiconductors.