Worldwide sales of semiconductors grew in October following strong chip demand.
According to the U.S. Semiconductor Industry Association last week, global sales of semiconductors amounted to 48.8 billion U.S. dollars in October, up 24 percent on-year.
Compared to September, the figure is up by 1.1 percent.
Sales increased across all major regional markets, with the U.S. recording a 29 percent on-year gain and Europe seeing a 27 percent increase.
The growth was largely due to robust demand for electronic devices amid the pandemic as well as the fast growing electric vehicle market.