The Semiconductor Industry Association said worldwide chip sales totaled $84 billion for the second-quarter, a 2% increase from the year-earlier period and a 1% increase from the previous quarter. It reported global sales for June of $28 billion, a 2% increase from the year-earlier period. So far sales for 2015 are 3.9 percent higher than the same time last year. “Macroeconomic headwinds and softening demand have slowed global semiconductor market growth somewhat, but the industry still posted its highest-ever second-quarter sales and remains ahead of the pace of sales set in 2014, which was a record year for semiconductor revenues,” said John Neuffer, CEO of the Semiconductor Industry Associationm in a statement.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News