Question-and-Answer Session
Operator
Thank you. (Operator instructions) And our first question will come from JoAnne Feeney with FTN.
Steve Sanghi
Go ahead, Joann.
JoAnne Feeney – FTN
I was hoping you could perhaps elaborate a little bit on the prices in the industry where you think you're gaining share in 16-bit. I realize you don't have great detail on your end markets, but perhaps you could let us know if it's similar to the distribution of interest you have in your 8-bit products by, say, is it consumer, industrial, automotive, or is it quite a bit different? Any details you can provide would be very helpful. Thanks a lot.
Ganesh Moorthy
The composition is across a broad range of applications and markets. In that sense it’s similar to how our 8-bit business is. There are obviously certain applications where the 16-bit performance is a requirement that we're able to meet and those are the areas where we're taking some incremental share. But really it's not concentrated anywhere. It's a pretty broad base of areas we're winning our designs.
JoAnne Feeney – FTN
And are you doing the same thing with 32-bit, targeting a broad spectrum or is it more focused?
Ganesh Moorthy
It is, again a broad spectrum of designs that we're going up. We've always been about not trying to find a single market, a single application upon which to hang our hat and while we do see areas that are growing at different rates, it's really across a broad spectrum of applications.
JoAnne Feeney – FTN
Okay. Thank you.
Steve Sanghi
We're shipping to 2,000 volume customers on 16-bit. And our over 100 volume customers on 32-bit. So that alone tells you that it's very broad-based.
Operator
And our next question will come from Chris Danely with JPMorgan.
Chris Danely – JPMorgan
Thanks. I know you guys usually comment that whenever we ask you about end markets or regions, it's a very broad base, but given what's happened this year, can you just give us your take on what's so strong in Asia? I would suspect that it's China. And then also if you could comment at all on the automotive market and what you're seeing there?
Steve Sanghi
Last quarter, we saw very broad-based strength around the world. As Eric pointed out, European business was up 10% in the summer quarter where they take the August off, so usually Europe business is down in the quarter. Obviously, from a sequential revenue growth standpoint, China was the strongest, but we grew in the rest of Asia also by very large amount and U.S. was also very up significantly and we grew in all different market segments. Yes, we did very well in automotive because for cash for clunkers and others, but similarly we did very well in consumer, industrial, communication and others.
- To read the full transcript on Seeking Alpha, click here »
