Global Chip Sales Set Record at $336 Billion in 2014

We already knew that worldwide chip sales in 2014 were on their way to setting an all-time record, but now we know exactly what that record is: $335.8 billion.

That’s the finding of the Semiconductor Industry Association, which tracks chip sales worldwide on a month-by-month basis.

The total tallies to a 10 percent increase from 2013. Sales in December were $29.1 billion, an increase of 16 percent from the same time a year ago. Sales also exceeded an industry forecast of $333 billion in annual revenue.

What’s driving the increase? Demand for chips in the Asia-Pacific and Americas regions, as the computing industry looks for growth overseas. Sales in the Americas were the strongest at 16 percent growth, followed by the Asia-Pacific region where sales increased 11 percent.

This article originally appeared on Recode.net.

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