Worldwide sales of semiconductors reached US$24.4bil in May, up 1.4% from April's sales of US$24.1bil, the third consecutive month of growth, but a sluggish global economy could impact the upward trend.
The US-based Semiconductor Industry Association said May marked the third consecutive month that sales have grown over the previous month, "the longest streak of sequential monthly growth since September 2010".
In its overnight report issued on Tuesday, SIA said combined global sales for the March-April-May period over December-January-February by the highest rate of 6.4% since June 2010.
As for on-year sales, it said the May sales of US$24.4bil were down 3.4% than a year ago.
SIA president & CEO Brian Toohey said recent sales were in line with industry projections of modest growth for the remainder of 2012.
"But a sluggish global economy continues to provide substantial headwinds, limiting more robust growth," he added.