Semiconductor Sales Rose 11.3% in November

Trade group Semiconductor Industry Association said Tuesday that November sales of semiconductors increased 11.3% from last year, driven by strong demand for consumer electronics.

Global sales totaled $22.7 billion, up from $20.4 billion for the same period last year.

The Consumer Electronics Association said sales of certain electronics, such as flat-panel displays and digital forecasts, topped forecasts, which compensated for eroding average sales prices on some products. Sales of digital cameras, for example, were up 30% over last year, according to the CEA.

The SIA also said semiconductor sales for the first 11 months of 2006 are in line with its forecast for 9.4% growth for the year, and 2007 sales are expected to grow 10% over 2006.