European semiconductor sales grow a further 3.5% in October
Nov 29, 2004
The total increase of semiconductor sales for 2004 over 2003 remains unchanged at slightly below 30%, this despite the moderate slowdown of worldwide growth rates during the last months.
September and October results in fact show the European industry performing better compared with the rest of the world. The higher increase is mainly driven by the Automotive and Communication applications, which continue to be strong in Europe.
European semiconductor sales in October 2004 amounted to US$ 3.464 billion according to the World Semiconductor Trade Statistics (WSTS), up +3.5% versus the previous month. This corresponds to a +17.0% increase compared to the same month last year. On a year-to-date basis, semiconductor sales increased by +23.3% versus the same period in 2003.
The exchange rate of the Euro compared to the US$ has still a significant impact on the growth data at this time. Measured in Euro, semiconductor sales in October were EURO 2.819 billion, an increase of +2.8% versus previous month and an increase of +8.0% versus the same month a year ago.
On a year-to-date basis, semiconductor sales increased by +12.3% versus the same period in 2003. On a worldwide basis, semiconductor sales in October were US$ 18.791 billion, up +1.5% versus the previous month. This results in an increase of +21.8% versus the same month in 2003 and on a year-to-date basis results in a growth rate of +31.2%.