Thursday, December 5, 2024, 4:30 p.m.
By the Semiconductor Industry Association
Sales in October reached an all-time high in terms of monthly totals. Global chip sales increased 2.8% month-on-month
WASHINGTON—December 5, 2024—Semiconductor Industry Association (SIA) Today, we announced that global semiconductor sales in October 2024 reached $56.9 billion. This was a 22.1% increase compared to the October 2023 total of $46.6 billion and a 2.8% increase compared to the September 2024 total of $55.3 billion. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA accounts for 99% of the U.S. semiconductor industry by revenue and almost two-thirds of non-U.S. semiconductor companies.
Additionally, the new SIA-approved WSTS industry forecast has been revised upwards to 2024. Global annual sales are expected to increase 19.0% year over year, with total sales expected to reach $626.9 billion this year. Global sales in 2025 are expected to reach $697.2 billion, an increase of 11.2% from the previous year. WSTS tabulates semi-annual industry forecasts by gathering input from a broad group of global semiconductor companies, providing accurate and timely indicators of semiconductor trends.
“In October, the industry achieved record monthly sales, with month-over-month sales increasing for the seventh consecutive month, leading to global semiconductor “The market is ending 2024 on a strong note.” . “Total annual sales are expected to increase by nearly 20% in 2024, higher than previously predicted, and are expected to continue to grow at double-digit rates in 2025.”
By region, October year-on-year sales increased in the Americas (54.0%), China (17.0%), Asia Pacific/All Other (12.1%), and Japan (7.4%), but Europe (-7.0%) decreased. %). Month-over-month sales in October increased in the Americas (8.3%), Europe (1.3%), China (1.0%), and Japan (0.2%), but decreased in Asia Pacific/All Other (-0.7%). decreased slightly. .
For comprehensive monthly semiconductor sales data and detailed WSTS forecasts, consider purchasing a WSTS subscription package. For detailed historical information on the global semiconductor industry and markets, consider ordering the SIA Data Book.
