Global semiconductor sales up 22.1% YoY in October

Global sales are poised to reach $697.2b in 2025.

Global semiconductor sales have reached $56.9b in October, the Semiconductor Industry Association (SIA) said.

This marks an impressive 22.1% increase compared to $46.6b in October 2023 and a 2.8% rise from the September 2024 figure of $55.3b.

These monthly sales figures are compiled by the World Semiconductor Trade Statistics (WSTS) and utilise a three-month moving average to provide a more accurate picture of market trends.

The SIA represents nearly all major US semiconductor companies by revenue, encompassing about 99% of the domestic industry, along with a significant portion of non-US chip manufacturers.

In addition to the impressive October results, the WSTS has revised its forecasts for 2024, now predicting an annual increase in global semiconductor sales of 19%, which would bring total sales to approximately $626.9b this year. Looking ahead, the projections suggest that global sales will reach $697.2b in 2025, reflecting an 11.2% increase from the previous year. The WSTS gathers insights from numerous semiconductor firms around the world to ensure that their forecasts are based on current market trends and reliable data.

John Neuffer, the President and CEO of SIA, highlighted that the semiconductor market is finishing 2024 strongly.

Last month’s sales totalled the highest ever recorded for any month, and this marks the seventh consecutive month of increasing sales. He also mentioned the upward revision of annual sales expectations, emphasising a projected growth rate nearing 20% for 2024, coupled with continued double-digit growth expected in 2025.

Regionally, the performance varied significantly. Year-over-year sales in October experienced substantial growth in several areas: the Americas saw a remarkable 54% increase, while China reported 17%, Asia Pacific/All Other increased by 12.1%, and Japan rose by 7.4%. Conversely, Europe faced a decline of 7%. Month-over-month data indicated increases in the Americas (8.3%), Europe (1.3%), China (1%), and Japan (0.2%), although Asia Pacific/All Other saw a slight drop of 0.7%.