Semiconductor group says global chip sales increased 11.3%

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

The Associated Press report said sales totaled $22.7 billion, up from $20.4 billion in the same period in 2005, according to the SIA.

'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,' George Scalise, president of the semiconductor trade group, was quoted as saying.

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.

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