Global semiconductor sales jump 19.3% in year to May – New Electronics
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The Semiconductor Industry Association (SIA) has announced that global semiconductor industry sales hit $49.1bn during the month of May 2024.
That is an increase of 19.3% compared to the May 2023 total of $41.2bn and an increase of 4.1% compared to the April 2024 total of $47.2bn.
Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organisation and represent a three-month moving average. SIA represents 99% of the US semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.
“The global semiconductor market has grown on a year-to-year basis during each month of 2024, and year-to-year sales in May increased by the largest percentage since April 2022,” said John Neuffer, SIA president and CEO. “The Americas market experienced particularly strong growth, with a year-to-year sales increase of 43.6%.”
Regionally, year-to-year sales were up in the Americas (43.6%), China (24.2%), and Asia Pacific/All Other (13.8%), but down in Japan (-5.8%) and Europe (-9.6%). Month-to-month sales in May increased in the Americas (6.5%), China (5.0%), Asia Pacific/All Other (3.0%), and Japan (1.6%), but decreased in Europe (-1.0%).