Trade group says global chip sales increased 11.3%

(Associated Press via NewsEdge) Global chip sales increased 11.3% in November, driven by strong demand for consumer electronics, the Semiconductor Industry Association said.

Sales totaled $22.7 billion, up from $20.4 billion in the same period in 2005.

'Despite some signs of slower economic growth in the fourth quarter, consumer purchases of electronic products remained strong and again drove semiconductor sales to record levels,' said George Scalise, president of the semiconductor trade group.

The SIA also said semiconductor sales for the first 11 months of 2006 are in line with its forecast for 9.4% growth for the year, and 2007 sales are expected to grow 10% over 2006.

San Jose-based SIA has represented US chip manufacturers since 1977.