Hitting the highest-ever monthly total in September 2024, fuelled by a 46.3 % rise in the American region, semiconductor sales worldwide hit $166B in Q3 2024, up 23.2% YoY.
Global semiconductor sales reached $166.0 billion in the third quarter of 2024, marking a 23.2% increase year-on-year (YoY) and a 10.7% rise from the previous quarter, according to the Semiconductor Industry Association (SIA).
Moreover, in September 2024, the global sales totalled $55.3 billion, a 4.1% increase from the $53.1 billion recorded in August 2024.
“The global semiconductor market continued to grow during the third quarter of 2024, with quarter-to-quarter sales increasing at the largest rate since 2016,” said SIA President and CEO John Neuffer. “Sales in September reached the market’s highest-ever monthly total, driven by a 46.3% year-to-year increase in the Americas.”
In September 2024, regional sales growth was seen across all major markets. In the Americas, sales rose by 4.1% to $17.24 billion from $16.56 billion in August, while Europe saw a 4% MoM increase to $4.43 billion. Likewise, Japan experienced a 5.3% growth, reaching $4.21 billion, and China’s sales grew by 3.6%, reaching $16.04 billion. The Asia Pacific/All Other markets saw a 4.5% MoM increase, totalling $13.40 billion.
YoY sales showed significant growth in most regions too. The Americas saw a remarkable 46.3% increase, reaching $17.24 billion compared to $11.79 billion in September 2023. China also experienced a substantial 22.9% increase, totalling $16.04 billion, up from $13.05 billion last year.
However, Europe saw a decline of 8.2%, with sales dropping from $4.82 billion in September 2023 to $4.43 billion this year. Japan saw a 7.7% increase YoY, reaching $4.21 billion, while the Asia Pacific/All Other markets grew by 18.4%, totalling $13.40 billion.
Looking at the three-month moving average for July, August, and September 2024, global sales reached $55.32 billion, a 10.7% increase from the previous quarter (April-June 2024). Sales in the Americas saw a 16.7% rise, reaching $17.24 billion, while Europe and Japan experienced more modest quarterly increases of 5.9% and 11.5%, respectively. China’s sales grew 6.3% QoQ, and the Asia Pacific/all other markets rose 10.3%.
These sales figures, compiled by the World Semiconductor Trade Statistics (WSTS) organisation, reflect a three-month moving average. SIA represents 99% of U.S. semiconductor companies by revenue and nearly two-thirds of international chip firms.
