November 7, 2024 /SemiMedia/ — The Semiconductor Industry Association (SIA) recently announced that global semiconductor sales reached $166 billion in the third quarter of 2024, marking a 23.2% increase compared to the same period last year and a 10.7% rise from the previous quarter. Sales in September alone hit $55.3 billion, up 4.1% from August’s $53.1 billion, setting a new monthly record.
“The global semiconductor market continued its strong growth in the third quarter of 2024, achieving the highest quarter-on-quarter increase since 2016,” said SIA President and CEO John Neuffer. “September sales reached the highest-ever monthly total, driven largely by a 46.3% year-on-year surge in the Americas, which played a critical role in the overall market expansion.”
Regionally, year-on-year growth in September was led by the Americas (46.3%), followed by China (22.9%), Asia Pacific/All Other (18.4%), and Japan (7.7%), while Europe saw a decline of 8.2%. On a month-to-month basis, September sales increased in Japan (5.3%), Asia Pacific/All Other (4.5%), the Americas (4.1%), Europe (4.0%), and China (3.6%).
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