Worldwide chip sales rose 4.5 pct in August-SIA

Worldwide sales of semiconductors rose 4.5 percent in August to $21.6 billion, helped by a seasonal boost and increased sales of NAND flash memory, the Semiconductor Industry Association said on Monday.

"August is historically the beginning of the holiday season build by electronics manufacturers, which in turn drives demand for a broad range of semiconductor products," said SIA President George Scalise in a statement.

Sales of NAND flash memory chips, used in digital gadgets such as cameras and music players like Apple Inc's (AAPL.O: Quote, Profile, Research) iPod, were up by 48 percent as supplies tightened and prices firmed, the association said in a statement.

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- Posted: 2007-10-01 10:24:11

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