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Global Chip Sales Up 19.3% YoY in May

Wednesday, July 10, 2024

Global semiconductor industry sales hit $49.1 billion in May 2024, up by 19.3% compared to the May 2023 total of $41.2 billion, and an increase of 4.1% compared to the previous month’s $47.2 billion, according to the Semiconductor Industry Association (SIA).

Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA represents 99% of the U.S. 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. The Americas market experienced particularly strong growth, with a year-to-year sales increase of 43.6%,” said John Neuffer, SIA president and CEO.

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%).

By: DocMemory
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