Some good news for the global semiconductor industry! The Semiconductor Industry Association (SIA) recently reported that global semiconductor sales amounted to $166 billion for Q3 2024, an increase of 23.2% compared to Q3 2023 and 10.7% more than Q2 2024. Global sales represented $55.3 billion during September 2024, an increase of 4.1% compared to $53.1 billion in August 2024. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average.
The global semiconductor market continued to grow during Q3 2024, with quarter-to-quarter sales increasing at the largest rate since 2016. September sales reached the market’s highest-ever monthly total, driven by a 46.3% year-to-year increase in the Americas. Year-to-year sales in September were up regionally, except for Europe.
Click here to read SIA’s statement. Click here for a detailed sales data breakdown.