The Semiconductor Industry Association (SIA) reported that global semiconductor industry sales reached $149.9 billion in the second quarter of 2024, marking an 18.3% increase from the same period in 2023 and a 6.5% rise over the first quarter of 2024.
Sales for June 2024 alone totalled $50.0 billion, reflecting a 1.7% increase compared to May’s figure of $49.1 billion. These monthly sales figures, compiled by the World Semiconductor Trade Statistics (WSTS) organisation, are based on a three-month moving average. The SIA represents nearly the entire US semiconductor industry by revenue and approximately two-thirds of international semiconductor companies.
SIA President and CEO John Neuffer commented: “The global semiconductor market remained strong during the second quarter of 2024, with quarter-to-quarter sales increasing for the first time since the fourth quarter of 2023. Sales in the month of June were up both month-to-month and year-to-year, with the Americas market leading the way with growth of 42.8% compared to June 2023.”
Regional performance varied, with the Americas recording significant year-on-year growth of 42.8%, followed by China (21.6%) and Asia Pacific/All Other (12.7%). However, Japan and Europe saw declines of 5.0% and 11.2%, respectively. On a month-to-month basis, sales in June increased in the Americas (6.3%), Japan (1.8%), and China (0.8%), but experienced slight drops in Europe (-1.0%) and Asia Pacific/All Other (-1.4%).
For more detailed monthly semiconductor sales data and WSTS forecasts, the WSTS Subscription Package is available for purchase. Those seeking historical information on the global semiconductor market can access the SIA Databook, which provides comprehensive industry data.
