The Semiconductor Industry Association (SIA) today announced an encouraging set of figures: the global semiconductor industry reached $149.9 billion in total sales in the second quarter of 2024, an increase of 18.3% not only over the same period last year, but also 6.5% compared to the first quarter of 2024. In particular, sales reached $50 billion in June, up 1.7% from $49.1 billion in May. These monthly sales figures are compiled by the World Semiconductor Trade Statistics Organization (WSTS), and they represent an indicator of a three-month moving average.
Commenting on the current state of the industry, John Neuffer, President and CEO of SIA, noted, "The global semiconductor market demonstrated strong growth momentum in the second quarter of 2024, marking the first sequential increase in quarterly sales since the fourth quarter of 2023. Sales increased in June, both sequentially and year-on-year, with the Americas particularly prominent, with a year-on-year increase of 42.8%.”
Chart: Global semiconductor sales in Q2 2024
Geographically, in addition to the significant growth in the Americas, China and Asia-Pacific/all other regions also achieved year-on-year growth of 21.6% and 12.7%, respectively. However, not all regions showed an upward trend, with sales in Japan and Europe down 5.0% and 11.2%, respectively. In June, sales in the Americas, Japan and China all increased month-on-month, with growth rates of 6.3%, 1.8% and 0.8%, respectively. In contrast, sales in Europe and Asia-Pacific/all other regions declined by -1.0% and -1.4%, respectively.
As an organization representing 99% of the revenue of the United States semiconductor industry and nearly two-thirds of the industry giants that are not United States chip companies, the release of SIA's data undoubtedly provides strong proof for the healthy development of the global semiconductor industry. These data not only reflect the real-time dynamics of the market, but also reveal the development trends and potential market opportunities of the industry. With the continuous advancement of technology and the expansion of application fields, the semiconductor industry is also expected to play a more important role in the future.
