Supercharged by strong growth in the Americas and China, despite Europe’s YoY decline, semiconductor sales soared to $53.1 billion in August 2024 worldwide, a 20.6% YoY increase.
Global semiconductor sales reached $53.1 billion in August 2024, marking a 20.6% year-over-year (YoY) increase compared to the $44.0 billion recorded in August 2023. According to a report by the Semiconductor Industry Association (SIA), this figure also witnessed a month-over-month (MoM) 3.5% rise from July 2024’s total of $51.3 billion.
The SIA accounts for 99% of the semiconductor industry revenue in the U.S. and nearly two-thirds of semiconductor firms outside the U.S.
Regionally, the YoY sales data revealed notable growth across several key areas. In the Americas, sales surged by 43.9%, highlighting the region’s robust demand for semiconductor products. Similarly, China saw a significant increase of 19.2%, indicating a solid market performance driven by technological advancements and consumer needs.
The Asia Pacific region and other areas also experienced growth, with sales rising by 17.1%. While growing at a more modest rate, Japan still recorded a 2.0% increase in sales compared to the previous year.
In contrast, Europe faced challenges, experiencing a decline of 9.0% in YoY sales. This drop suggests difficulties in the European market that must be addressed to foster recovery.
Looking at MoM comparisons for three months, the data showed encouraging upward trends across various regions. The Americas continued to lead with a growth of 4.3%, followed by Japan, which recorded a 2.5% increase. Europe also saw a slight uptick of 2.4%, reflecting some recovery.
Additionally, China experienced a growth of 1.7%, while the Asia Pacific and other regions recorded a more modest increase of 1.5%. According to the report, these MoM figures indicate a generally positive trajectory in semiconductor sales across most areas.
Commenting on the trends, SIA President and CEO John Neuffer stated, “The global semiconductor market achieved the highest sales figure ever for this month, marking the fifth consecutive month of increasing sales.”
He noted that the YoY sales growth was the largest since April 2022, fueled by a remarkable sales increase in the Americas. Additionally, this marks the first time since October 2023 that all regions experienced MoM sales growth.
