WASHINGTON — Global semiconductor industry sales totaled $43.2 billion in July, an increase of 2.3% compared to June's total of $42.2 billion but 11.8% less than the July 2022 total of $49 billion, according to the Semiconductor Industry Association.

"The global semiconductor market has experienced modest but steady month-to-month growth this year, with sales increasing for the fourth consecutive month in July," said John Neuffer, SIA president and CEO. "Global sales remain down compared to last year, but the year-to-year decrease in July was the smallest gap of the year to date, providing reason for optimism over the remainder of 2023 and beyond."

Regionally, month-to-month sales increased in the Americas (6.3%), China (2.6%), Europe (0.5%), and Asia Pacific/All Other (0.3%), but decreased slightly in Japan (-1%). Year-to-year sales were up in Europe (5.9%), but down in Japan (-4.3%), the Americas (-7.1%), Asia Pacific/All Other (-16.2%), and China (-18.7%).

Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA represents 99% of the US semiconductor industry by revenue and nearly two-thirds of non-US chip firms.

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