[News] SIA Reports China’s June Semiconductor Sales Increase by Over 20% YoY

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Driven by AI demand, the Semiconductor Industry Association (SIA) announced on August 5 that global semiconductor sales for the second quarter of this year increased by 18.3% year-over-year and 6.5% quarter-over-quarter, reaching USD 149.9 billion.

SIA data shows that in June 2024, global semiconductor sales increased by 18.3% year-over-year and 1.7% month-over-month, reaching USD 50 billion.

In terms of sales by country or region, in June alone, the U.S. market recorded USD 14.77 billion in sales in June, posting a 42.8% year-over-year increase. Meanwhile, sales in China reached USD 15.09 billion, marking a 21.6% year-over-year increase.

Aside from the U.S. and China, the Asia Pacific and other areas saw sales of USD 12.15 billion in June, marking a 12.7% year-over-year increase. In contrast, Japan experienced a 5% decrease to USD 3.78 billion, and Europe saw an 11.2% decrease to USD 4.18 billion.

Comparing these figures to May, U.S. sales grew by 6.3%, while sales in Japan and China increased by 1.8% and 0.8%, respectively. However, European sales decreased by 1%, and sales in the Asia Pacific and other areas declined by 1.4%.

SIA President and CEO John Neuffer stated that the semiconductor market continued to perform well in the second quarter of 2024. This quarter’s sales have surpassed the record set in the fourth quarter of 2021 after a gap of two and a half years, and have also seen a sequential increase for the first time since the fourth quarter of 2023.

The SIA recently forecasted that global semiconductor sales will grow by 16% in 2024, reaching USD 611.2 billion, and will further increase to USD 687.4 billion next year, continuing to set new historical records. According to the SIA, the primary driver of this growth is the booming development of generative AI, which is boosting overall industry demand.

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(Photo credit: TSMC)