Global chip sales up 18% in March

PETALING JAYA: Worldwide sales of semiconductors surged by 18% year-on-year (y-o-y) to US$30.9bil (RM133.37bil) in March, underpinned by solid pace of growth across all markets, according to MIDF Amanah Investment Bank.

The research house, in its technology sector report, said this was the highest-ever sales posted for the month. Similar pace of growth was last seen in October 2011 when sales were up 19.3% y-o-y.