Strong sales in semiconductors on a year over year basis though seasonality is beginning to show some sequential moderation in growth (Via SIA):
“The Semiconductor Industry Association (SIA) today reported that worldwide semiconductor sales in October were $26.3 billion, staying flat from the prior month when sales were also $26.3 billion. Sales increased by 19.8 percent from October 2009 when sales were $22.0 billion. Sales for the year through October were $248.2 billion compared to $181.2 billion for the same period in 2009, an increase of 37.0 percent. All monthly sales numbers represent a three-month moving average.”As expected, we are experiencing moderation in sequential sales growth rates in line with seasonal patterns, a trend that will likely continue through year end,” said SIA President Brian Toohey. “Future growth will be increasingly driven by demand in developing markets where rapid adoption of semiconductor end use products such as mobile devices and consumer electronics continues,” Toohey concluded.”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.