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Global Semiconductor Sales Increase 18.3% in Q2 2024 Compared to Q2 2023
August 6, 2024 | SEMIEstimated reading time: Less than a minute
The Semiconductor Industry Association (SIA) announced global semiconductor industry sales totaled $149.9 billion during the second quarter of 2024, an increase of 18.3% compared to the second quarter of 2023 and 6.5% more than the first quarter of 2024. Sales in June 2024 were $50.0 billion, an increase of 1.7% compared to the May 2024 total of $49.1 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.
“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,” said SIA President and CEO John Neuffer. “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.”
Regionally, in addition to the year-to-year growth in the Americas, sales were up in China (21.6%) and Asia Pacific/All Other (12.7%), but down in Japan (-5.0%) and Europe (-11.2%). Month-to-month sales in June increased in the Americas (6.3%), Japan (1.8%), and China (0.8%), but decreased in Europe (-1.0%) and Asia Pacific/All Other (-1.4%).
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