George Scalise, president of the organisation, claimed that the rise is partly down to various IT and consumer products selling better than expected.
He explained that the introduction of the Windows 7 operating system in October may have had a positive effect on sales of personal computers, with mobile phone handsets also recording healthy figures.
Mr Scalise said: "With a sequential increase of 3.7 per cent, November was the ninth consecutive month of increased chip sales. Sales increased sequentially in all geographic regions."
According to the report, the year-on-year increase for the month was 8.5 per cent, with sales reaching $21.8 billion (£13.4 billion).
Another positive factor in the industry has been the popularity of LCD TVs among consumers, added Mr Scalise.
Last month, the SIA thanked Congressman Bart Gordon for his work on the House Science and Technology Committee, after hearing that he is set to retire from the post at the end of the current term.
