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Global Semiconductor Sales Increase 1.7% Month-to-Month in May
July 7, 2023 | SIAEstimated reading time: Less than a minute
The Semiconductor Industry Association (SIA) announced global semiconductor industry sales totaled $40.7 billion during the month of May 2023, an increase of 1.7% compared to the April 2023 total of $40.0 billion but 21.1% less than the May 2022 total of $51.7 billion. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization 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.
“Despite continuing market sluggishness compared to 2022, month-to-month global semiconductor sales inched upward in May for the third consecutive month, sparking optimism for a possible market rebound during the second half of the year,” said John Neuffer, SIA president and CEO.
Regionally, month-to-month sales increased modestly across all regions: China (3.9%), Europe (2.0%), Asia Pacific/All Other (1.3%), Japan (0.4%), and the Americas (0.1%). Year-to-year sales were up in Europe (5.9%), but down in Japan (-5.5%), the Americas (-22.6%), Asia Pacific/All Other (-23.0%), and China (-29.5%).
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