Monday, August 2, 2010

Global Chip Sales Increase

From the WSJ:

Global chip sales edged up 0.5% in June from a month earlier, contributing to 7.1% growth in the second quarter from the prior quarter.

Meanwhile, gains for the month and quarter from last year were 49% and 45%, respectively, reflecting growth in a broad range of markets from an industry slowdown in the first half of last year. Both June and the second quarter last year were down some 20% from the same periods in 2008.

June 2010's sales totaled $24.93 billion; the quarter finished at $74.8 billion.

Note this chart of equipment and software investment from the latest GDP report:

The pace has been increasing. The above story indicates we could see an increase in that trend into the third quarter.