WASHINGTON — The 90-day moving average global semiconductor sales hit $49.1 billion during May, up 19.3% from 2023, the Semiconductor Industry Association (SIA) said today.

Sales rose 4.1% sequentially, another sign of a market in recovery.

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

“The global semiconductor market has grown on a year-to-year basis during each month of 2024, and year-to-year sales in May increased by the largest percentage since April 2022,” said John Neuffer, president and CEO, SIA. “The Americas market experienced particularly strong growth, with a year-to-year sales increase of 43.6%."

Regionally, year-to-year sales were up in the Americas (43.6%), China (24.2%), and Asia Pacific/all other (13.8%), but down in Japan (-5.8%) and Europe (-9.6%). Month-to-month sales in May increased in the Americas (6.5%), China (5%), Asia Pacific/All Other (3%), and Japan (1.6%), but decreased in Europe (-1%).

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