Good Chip Results Won’t Be Good Enough

Such is the state of the chip industry that the better the numbers get, the worse investors seem to feel about it.

The Semiconductor Industry Association reported Monday that global sales for the sector hit $52.5 billion in February. That is a new monthly record that’s also up nearly a third from the same month last year—the best growth rate the industry has seen since 2010, when sales were half their current level.