The Semiconductor Industry Association (SIA) has reported a strong performance in the global semiconductor market for the second quarter of 2024, with total sales reaching $149.9 billion. This marks an 18.3% increase compared to the same period in 2023 and a 6.5% rise from the first quarter of 2024. June 2024 sales alone totaled $50.0 billion, reflecting a 1.7% increase from May 2024. The sales data, compiled by the World Semiconductor Trade Statistics (WSTS) organization, is presented as a three-month moving average.
Quarterly Growth: Q2 2024 semiconductor sales reached $149.9 billion, up 18.3% year-over-year and 6.5% from Q1 2024.
June 2024 Sales: Reached $50.0 billion, a 1.7% increase from May 2024.
Regional Performance
- Americas: Year-over-year growth of 42.8% in June 2024, with a 6.3% month-to-month increase.
- China: Year-over-year sales up 21.6%, with a 0.8% month-to-month increase in June.
- Asia Pacific/All Other: Year-over-year growth of 12.7%, though sales decreased by 1.4% month-to-month in June.
- Japan: Year-over-year decline of 5.0%, but a 1.8% month-to-month increase in June.
- Europe: Year-over-year decline of 11.2%, with a 1.0% decrease in month-to-month sales in June.
- “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.”