A new report from the Semiconductor Industry Association (SIA) has indicated that the number of chips sold across the world has increased in May by 4.5 per cent.
This means that money generated from the sales of these parts jumped from $23.6 billion (£15.6 billion) in April to reach $24.7 billion a month later.
In addition, year-on-year figures showed a rise of 47.6 per cent from May 2009, with the report forecasting further growth to meet the SIA's yearly prediction of $290.5 billion.
The association's president George Scalise said that data had been buoyed by the increasing popularity of items such as personal computers, mobile phones and industrial applications.
"Emerging markets, including China and India, are fuelling sales of computation and communications products," he added.
Founded in 1977 by five US microelectronics companies, the SIA includes 60 semiconductor firms in its membership, representing 90 per cent of the country's output in the sector.