Global semiconductor industry sales have increased for four consecutive months despite concerns about an economic downturn. In July, the Americas saw the largest sales growth.
On Tuesday, the Semiconductor Industry Association (SIA) reported that global semiconductor sales reached $51.3 billion in July, marking an 18.7% increase from $43.2 billion in July of the previous year and a 2.7% rise from June’s sales of $50 billion. The data was compiled by the World Semiconductor Trade Statistics (WSTS). The SIA provided the report, representing 99% of U.S. semiconductor companies and about two-thirds of non-U.S. private sector firms.
SIA President and CEO John Neuffer remarked, “The global semiconductor market continued to grow substantially on a year-to-year basis in July, and month-to-month sales increased for the fourth consecutive month.” He highlighted that sales in the Americas surged by 40.1% compared to the same month last year.
Sales growth was observed across several regions: the Americas saw a 40.1% increase, China experienced a 19.5% rise, and the Asia-Pacific and other areas grew by 16.7%. However, Japan and Europe faced declines, with sales falling by 0.8% and 12.0%, respectively.
In a related forecast, Semiconductor Equipment and Materials International (SEMI) projected in June that global semiconductor production would grow by 6% this year and 7% next year. SEMI expects Chinese companies to account for one-third of global semiconductor production by next year.
