Chip market grows in Europe

Coming back from a decline, the European semiconductor market rose again in July. It could be a sign of a return to healthier growth

The chip sector continued a slow recovery in July, largely helped by growth in Japan and the Asia-Pacific region, according to new figures.

Worldwide semiconductor sales for the month rose 2.9 percent from June to $11.35bn (£7.26bn), according to new statistics from World Semiconductor Trade Statistics and the European Electronic Component Manufacturers Association. The European market dropped in June but recovered in July, growing 0.5 percent to $2.16bn.

The WSTS is a non-profit body representing about 90 percent of semiconductor manufacturers.

The figures indicate that the market for semiconductors, the basic building-blocks of computers, is on the way back, according to the organisations. This is particularly the case in Japan, where the market grew by 8.5 percent to $2.66bn, following 5.4 percent growth in June.

Asia-Pacific grew 2.3 percent to $4.26bn while the US saw more modest gains, rising 0.5 percent to $2.6bn.

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