Global semiconductor sales reached $12.5 billion in May 2003, sequentially up 2.0 percent from the $12.26 billion in revenue reported in April 2003 — the third consecutive monthly increase and a 9.9 percent increase from May 2002 revenue of $11.38 billion.
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Sales of programmable logic and standard cell chips increased 8.6 percent in May, indicating an anticipated pick up in telecom spending, while in the wireless sector, Flash memory was up 4.4 percent, and in the computational sector, application-specific standard products (ASSPs) were up 3.7 percent, DRAMs up 2.5 percent and optoelectronics were up 6.3 percent.
In mid-June, the SIA released its 2003 to 2006 mid-year forecast, projecting a compound annual growth rate (CAGR) of 9.8 percent over the forecast period. Worldwide sales of semiconductors should to increase 10.1 percent in 2003.
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The three-month average of worldwide bookings in May 2003 was $751 million. The bookings figure is 1 percent below the revised April 2003 level of $757 million, and 32 percent below the $1.11 million in orders posted in May 2002.
The three-month average of worldwide billings in May 2003 was $840 million. The billings figure is even with the revised April 2003 level and 3.5 percent below the May 2002 billings level of $870 million.