Electronics Weekly
“The global semiconductor industry overcame lingering macroeconomic uncertainty to post solid year-to-year growth in May,” says SIA CEO John Neuffer. “Year-to-year sales have now increased for 25 straight months, month-to-month sales increased for the first time in six months, and we expect modest growth to continue for the remainder of 2015 and beyond.”
Year-on-year sales increased in China (9.5% ) and Asia Pacific/All Other (8.0%), but decreased in Europe (-7.8%) and Japan (-11.8%). Compared to last month, sales were up in China (4.0%), Asia Pacific/All Other (3.3%), and the Americas (0.2%), but decreased slightly in Europe (-0.6% ) and held flat in Japan.
“Congress and the president recently gave the US semiconductor industry and other trade-dependent sectors a major boost by enacting Trade Promotion Authority (TPA), which makes it easier for the United States to strike deals on free trade agreements,” says Neuffer. “With TPA, the United States is more likely to get the Trans-Pacific Partnership (TPP) and other critical trade agreements across the finish line, leading to continued growth and innovation in our industry and across the U.S. economy.”
