Global Semiconductor Sales Rise YoY in July: 5 Stocks to Buy
Global sales of semiconductors rose year over year in July, according to the Semiconductor Industry Association (SIA). The global semiconductor industry, which plays a key role in the high-growth technology space, has been relatively less battered by the coronavirus pandemic.
Moreover, with the economy reopening, sales of smartphones rebounding in markets like China and more people spending time on their mobile phones, the semiconductor industry might stand to benefit in the near term.
Global Semiconductor Sales Increase YoY
Worldwide sales of semiconductors increased 4.9 % in July to $35.2 billion from $33.5 billion a year earlier. Also, sales in July were 2.1 % higher than the June total of $34.5 billion. Moreover, sales in the Americas remained strong in July, increasing 26% year over year, with improvement seen globally in both memory and non-memory products.
Regionally, sales increased on a year-over-year basis in the Americas (26.3%), China (3.5%) and Asia