Revenues from semiconductors saw an 11.5% year-over-year increase in July. Sales of $20.1 billion were also up 1.8% over the June result of $19.8 billion. The solid performance prompted SIA president George Scalise to confirm the industry’s expectation to surpass $240 billion in revenues for the year.

According to the organization, sales were driven by growth in unit demand coupled with declining average selling prices. Average PC prices, for example, declined by approximately 7 percent year over year, the SIA said. Computer products account for more than 40% of semiconductor revenues.

Asia-Pacific and the U.S. were particularly strong during July and increased their revenues by 13 and 18% year-over-year.