Global Semiconductor Sales Up to Record $53.1 Billion in August 2024
04-10-2024 | By Jack Pollard
This article was provided by the Semiconductor Industry Association. View the original here.
The global semiconductor market reached a record high in August 2024, with total sales up to $53.1 billion. This represents a significant 20.6% increase compared to August 2023's $44.0 billion and a 3.5% rise over July 2024's $51.3 billion. The data, compiled by the World Semiconductor Trade Statistics (WSTS) organization, reflects a three-month moving average.
Continued Growth in Semiconductor Sales
"Semiconductor sales continued their upward trajectory in August, achieving record billion-dollar sales," said John Neuffer, President and CEO of the Semiconductor Industry Association (SIA). "With year-to-year sales posting the largest percentage increase since April 2022, the semiconductor market is seeing robust growth, particularly with a 43.9% jump in sales into the Americas."
Regional Breakdown of Sales
The SIA, representing 99% of the U.S. semiconductor industry and nearly two-thirds of non-U.S. chip firms, noted that global semiconductor sales increased month-to-month for the fifth consecutive month across all regions.
Year-to-year sales grew in:
- Americas: 7.5%
- China: 19.2%
- Asia Pacific/All Other: 17.1%
- Japan: 2.0%
However, Europe experienced a decline of 9.0%. Month-to-month growth was seen across all key regions, including the Americas (4.3%), Japan (2.5%), Europe (2.4%), China (1.7%), and Asia Pacific/All Other (1.5%).
Access Comprehensive Sales Data and Forecasts
For in-depth monthly sales data and forecasts on global semiconductor sales to billion, the WSTS Subscription Package offers comprehensive insights. Additionally, the SIA Databook provides a detailed look at the historical trends shaping the global semiconductor industry.
The upward trend in semiconductor sales to record billion-dollar figures underscores the industry's critical role in the global economy. With global semiconductor sales up billion compared to last year, the industry is poised for continued growth. The increase in semiconductor sales up record billion indicates strong demand across various sectors.
