Semiconductors sales increased by 6.8% year over year to $27.24bn (£16.6bn) during November 2013 compared to $25.51bn sales during the same month in 2012, according to a report from the Semiconductor Industry Association (SIA).

The increase represents the ninth consecutive month of growth in sales, led lagely by the Americas, which grew by 18.6% year-over-year and 4.2% month-over-month.

SIA president and CEO Brian Toohey said: "Buoyed by sustained growth in the Americas and Asia Pacific and a recent rebound in Europe and Japan, the global semiconductor industry has shown increasing strength in 2013 and is on pace for record revenue.

"With solid momentum across all regions and most product categories, the industry is well-positioned for a strong start to the new year."

During November, monthly sales in Europe went up by 2% and by 0.1 % in Japan, while the Asia Pacific market saw a 1% drop compared to October 2013.