European semiconductor sales continue to rise in July

SEPTEMBER 6--European semiconductor sales grew slightly in July, according to the latest statistics from World Semiconductor Trade Statistics and the European Electronic Component Manufacturers Association. Market data based on a three-month moving average shows that the European market grew 0.5% from June to $2.16 billion as the worldwide market grew 2.9% to $11.35 billion. Compared with July 2001, the worldwide market grew by 8%.

The biggest growth came from Japan, as the semiconductor recovery there continued. The Japanese market grew by 8.5% to $2.66 billion after growing 5.4% in June. Asia-Pacific saw its semiconductor market increase by 2.3% month-on-month to $4.26 billion. Like Europe, the American region recovered from the June falls in sales, growing 0.5% month-on-month to $2.60 billion.