NEW YORK, NY--(Marketwire -10/14/11)- Despite a slowing global economy, chipmakers are putting up impressive numbers. Strong demand for mobile devices, PCs and the latest growth driver, semiconductors for automobiles, are boosting top lines in the industry. The Paragon Report examines investing opportunities in the Semiconductor Industry and provides equity research on Intel Corporation (NASDAQ: INTC - News) and Micron Technology, Inc. (NASDAQ: MU - News). Access to the full company reports can be found at:
Earlier this month The Semiconductor Industry Association (SIA), representing US leadership in semiconductor manufacturing and design, announced that worldwide sales of semiconductors were $25.03 billion for the month of August, a slight increase of 0.7 percent from the prior month when sales were $24.9 billion. On a year-to-date basis sales grew 2.2 percent year-over-year.
SIA explains that the stronger than expected sales were in large part driven by strong demand in tablets and PCs. SIA says, "In the midst of a slow and soft global economic picture, growth in the semiconductor industry is promising." Additionally, due to the compounding effect of increased semiconductor content in cars, automotive application specific semiconductors have experienced double digit growth year-to-date.
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For the makers of memory chips, Micron Technology warned that continued oversupply of DRAM chips will weigh on margins, adding to investor worries about tepid PC sales and casting a shadow on expectations for the upcoming holiday season.
Intel has for several quarters experienced a surge in demand for technology used in data centers, which store and process the huge amounts of information flowing across the Internet. Meanwhile, the Acer Aspire S3 -- from Intel's Ultrabook line -- went on sale this week. It weighs in at just under three pounds, has a 13.3-inch screen a Core i5 processor and 4GB of RAM, and packs a 320GB hard drive.
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