UPDATE 1-Global chip sales up 2.2 pct in April vs March – SIA

* SIA: April global chip sales $23.6 bln

* SIA: Chip sales to return to historical seasonal trends

June 1 (BestGrowthStock) – Worldwide semiconductor sales in April
rose 2.2 percent from March to $23.6 billion, driven by the
growing adoption of 3G wireless communications and a recovery
in demand from the enterprise, automotive and industrial
sectors, the Semiconductor Industry Association said.

Going forward, semiconductor sales will return to
historical seasonal patterns, SIA said.

Sales in April rose 50.4 percent from a year ago as the
industry continued to rise from the trough of the recession.

“Global sales of semiconductors grew at a healthy rate in
April, surpassing the previous monthly record level of November
2007,” SIA President George Scalise said.

“As expected, both the year-on-year and sequential growth
rates moderated slightly.”

Major chipmakers include Intel Corp (INTC.O: ), Texas
Instruments Inc (TXN.N: ), Advanced Micro Devices Inc (AMD.N: ),
Broadcom Corp (BRCM.O: ), National Semiconductor Corp (NSM.N: ),
Nvidia Corp (NVDA.O: ), Qualcomm Corp (QCOM.O: ), Samsung
Electronics Co (005930.KS: ) and Hynix Semiconductor
(000660.KS: ).

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(Reporting by Manasi Phadke in Bangalore; Editing by Anne
Pallivathuckal)

UPDATE 1-Global chip sales up 2.2 pct in April vs March – SIA