July 8, 2024 /SemiMedia/ -- According to the latest report from SIA, global semiconductor industry sales reached $49.1 billion in May 2024, a 19.3% increase from the total of $41.2 billion in May 2023 and a 4.1% increase from the total of $47.2 billion in April 2024.
“The global semiconductor market has grown on a year-to-year basis during each month of 2024, and year-to-year sales in May increased by the largest percentage since April 2022,” said John Neuffer, SIA president and CEO. “The Americas market experienced particularly strong growth, with a year-to-year sales increase of 43.6%.
Regionally, year-to-year sales were up in the Americas (43.6%), China (24.2%), and Asia Pacific/All Other (13.8%), but down in Japan (-5.8%) and Europe (-9.6%). Month-to-month sales in May increased in the Americas (6.5%), China (5.0%), Asia Pacific/All Other (3.0%), and Japan (1.6%), but decreased in Europe (-1.0%).
For more information or to purchase the report, please visit https://www.semiconductors.org/data-resources/market-data/.
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