Sales from the semiconductor revenue reached $101.4 billion in the second quarter, up over 6 percent over the year before, according to IHS Markit research. These figures were first reported by industry publication Digitimes.
This is the highest growth for the industry since the second quarter of 2014, Digitimes said.
This is good news for Austin because the city is home to myriad semiconductor companies that either manufacture or design chips, such as AMD, NXP Semiconductors, Samsung, Cypress Semiconductors, Silicon Labs and Cirrus Logic.
These companies employ a sizeable chunk of the 120,000 people who work in Austin’s tech industry.
Digitimes reported that AMD and Nvidia led the industry in revenue growth.
Consumer electronics and data processing saw the highest growth, with revenues increasing 7.9 and 6.8 percent, followed by industrial semiconductors showing the third-highest growth.
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