The global semiconductor industry can breathe a sigh of relief, hopefully, following the recent report by the Semiconductor Industry Association (SIA), which has said that worldwide semicon sales were up sharply in August 2007.

According to the SIA press release, semicon sales grew to $21.5 billion in August 2007, an increase of 4.9 percent over August 2006, when sales were $20.5 billion, and an increase of 4.5 percent from July of this year when sales were $20.6 billion.

The release further adds that sales of NAND flash memory devices led the growth as supplies tightened and prices firmed. NAND flash sales were up by 48 percent compared to August 2006 and up by 19 percent from July of this year.

Yes, August is historically, the start of a long holiday season build by various manufacturers of electronics products, as SIA also mentions. This drives the demand for a wide range semicon related products.