Semiconductor Industry Sales Surge in May 2024

09-07-2024 | By Jack Pollard

The Semiconductor Industry Association (SIA) today announced that global semiconductor industry sales reached $49.1 billion during May 2024. This marks an increase of 19.3% compared to the May 2023 total of $41.2 billion and a rise of 4.1% compared to the April 2024 total of $47.2 billion. These monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organisation 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.

Strong Year-to-Year Growth

“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,” said John Neuffer, SIA president and CEO. “The Americas market experienced particularly strong growth, with a year-to-year sales increase of 43.6%.”

Regional Sales Analysis

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%).

Access Detailed Semiconductor Data

For comprehensive monthly semiconductor sales data and detailed WSTS forecasts, consider purchasing the WSTS Subscription Package. For detailed historical information about the global semiconductor industry and market, consider ordering the SIA Databook.

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By Jack Pollard

Jack has spent over a decade in media within the electronics industry and is extremely passionate about working with companies to create interesting and educational content, from podcasts and video to written articles for engineers and buyers.