Semi Sales Rise 8.6% in March, Q1; On Track to Outpace Forecasts - SIA

The Semiconductor Industry Association (SIA) reported a 2.5 sequential and 8.6 percent year-over-year increase in March chip sales on Monday.

Monthly revenue totaled $25.3 billion, while first-quarter chip sales increased 8.6 percent to $75.8 billion.

According to the SIA, "the industry is on track to outpace the growth forecasts of the U.S. economy due to increased consumer and business demand for high-quality electronics products and the pervasive application of integrated circuits throughout most industries."

Semi stocks look mixed on the news; the Semiconductor HOLDRs (NYSE: SMH) about 0.4 percent lower this morning.

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