WASHINGTON — Global semiconductor sales rose 23.3% year-over-year to $166 billion in the third quarter, the Semiconductor Industry Association said today.

Sales were up 10.7% over the second quarter, the trade group added.

Global sales were $55.3 billion during the month of September 2024, an increase of 4.1% compared to the August 2024 total of $53.1 billion. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-US chip firms.

“The global semiconductor market continued to grow during the third quarter of 2024, with quarter-to-quarter sales increasing at the largest rate since 2016,” said SIA President and CEO John Neuffer. “Sales in September reached the market’s highest-ever monthly total, driven by a 46.3% year-to-year increase in the Americas.”

Regionally, year-to-year sales in September were up in the Americas (46.3%), China (22.9%), Asia Pacific/other (18.4%), and Japan (7.7%), but down 8.2% in Europe. Month-to-month sales in September increased 5.3% in Japan, 4.5% in Asia Pacific/other, 4.1% in the Americas, 4% in Europe, and 3.6% in China.

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