According to the Semiconductor Industry Association (SIA), global semiconductor industry sales increased 18.7% year-on-year in July 2024, with sales in the Americas jumping by 40.1%.
Worldwide sales of semiconductors amounted to US$51.3 billion in July, 2.7% more than the June 2024 total of US$50.0 billion, according to SIA. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average.
Regionally, year-to-year sales were up in the Americas (40.1%), China (19.5%), and Asia Pacific/All Other (16.7%), but down in Japan (-0.8%) and Europe (-12.0%). Month-to-month sales increased in the Americas (4.3%), Asia Pacific/All Other (3.9%), Japan (3.3%), and China (0.9%), but decreased in Europe (-0.5%).
"The global semiconductor market continued to grow substantially on a year-to-year basis in July, and month-to-month sales increased for the fourth consecutive month," said John Neuffer, SIA president and CEO."
A WSTS industry forecast—endorsed by SIA—projects annual global sales will climb 16% in 2024 and another 12.5% in 2025. The forecast projects the industry's worldwide sales will be US$611.2 billion in 2024, which would be the industry's highest-ever annual sales total, and reach US$687.4 billion in 2025.
In other news, Taiwan's top three pure-play foundries – TSMC, United Microelectronics (UMC), and Vanguard Semiconductor International (VIS) – are expected to outperform their global competitors, achieving impressive sales and profits despite the slow recovery in the overall semiconductor market this year.
