KUALA LUMPUR: Global semiconductor sales rose 1.8% in August to US$25.7 billion from US$25.2 billion in July, according to the US-based Semiconductor Industry Association (SIA).
On a year-on-year basis, sales increased by 32.6% from US$19.4 billion in August 2009, the SIA said in a statement posted on its website on Monday, Oct 4.
Sales for January to August rose 44.4% to US$194.6 billion from US$134.7 billion in the previous corresponding period.
All monthly sales numbers represent a three-month moving average.
SIA president Brian Toohey said semiconductor sales had been strong with August marking the sixth consecutive month of sequential growth.
'PC and wireless related products along with infrastructure expansion in emerging markets, particularly in China and India, continue to drive sales.
'Concerns about economic conditions in the US and Europe, coupled with seasonal patterns, bear close monitoring. We remain confident in our US$290.5 billion forecast, which represents 28.4 percent annual growth for 2010,' he said.
Commenting on the SIA semiconductor sales data, RHB Research Institute Sdn Bhd said it remained cautious on the sector in the near term and reiterated its Neutral recommendation.
It said the Neutral call was due to risk arising from persistent weak demand for PCs; overcapacity that would put downward pressure on average selling prices and ultimately margins; and weaker-than-expected consumer spending due to the austerity measures in the Euro zone and uneven economic recovery in the US.
The research house maintained its outperform calls on Unisem (Fair value: RM2.31) and JCY International (FV: RM1.32), market perform on MPI (FV: RM6.35) and underperform on Notion VTec (FV: RM1.54).
On a year-on-year basis, sales increased by 32.6% from US$19.4 billion in August 2009, the SIA said in a statement posted on its website on Monday, Oct 4.
Sales for January to August rose 44.4% to US$194.6 billion from US$134.7 billion in the previous corresponding period.
All monthly sales numbers represent a three-month moving average.
SIA president Brian Toohey said semiconductor sales had been strong with August marking the sixth consecutive month of sequential growth.
'PC and wireless related products along with infrastructure expansion in emerging markets, particularly in China and India, continue to drive sales.
'Concerns about economic conditions in the US and Europe, coupled with seasonal patterns, bear close monitoring. We remain confident in our US$290.5 billion forecast, which represents 28.4 percent annual growth for 2010,' he said.
Commenting on the SIA semiconductor sales data, RHB Research Institute Sdn Bhd said it remained cautious on the sector in the near term and reiterated its Neutral recommendation.
It said the Neutral call was due to risk arising from persistent weak demand for PCs; overcapacity that would put downward pressure on average selling prices and ultimately margins; and weaker-than-expected consumer spending due to the austerity measures in the Euro zone and uneven economic recovery in the US.
The research house maintained its outperform calls on Unisem (Fair value: RM2.31) and JCY International (FV: RM1.32), market perform on MPI (FV: RM6.35) and underperform on Notion VTec (FV: RM1.54).
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