Global sales of semiconductors reached $29.7bn in October, an increase of 9.6% year-over-year.
There was also a 1.5% jump from the previous month of September. The figures were announced by the Semiconductor Industry Association (SIA).
"Year-over-year global semiconductor sales increased for the eighteenth straight month in October, and the industry is well-positioned for a strong close to 2014," said Brian Toohey, president and CEO, Semiconductor Industry Association.
"Sales continue to be strong across the board, with nearly all regions and product categories exhibiting increases. We expect nearly double-digit growth in 2014, followed by moderate growth in 2015 and 2016."