Q2 chip sales up 18.3% y-o-y

Q2 semiconductor industry sales of $149.9 billion were up 18.3% y-o-y and up 6.5% on Q1, says the SIA, and June sales were $50 billion, up 1.7% on May’s $49.1 billion.

“The global semiconductor market remained strong during the second quarter of 2024, with quarter-to-quarter sales increasing for the first time since the fourth quarter of 2021,” says SIA CEO John Neuffer, “sales in the month of June were up both month-to-month and year-to-year, with the Americas market leading the way with growth of 42.8% compared to June 2023.”

Regionally, in addition to the year-to-year growth in the Americas, sales were up in China (21.6%) and Asia Pacific/All Other (12.7%), but down in Japan (-5.0%) and Europe (-11.2%). Month-to-month sales in June increased in the Americas (6.3%), Japan (1.8%), and China (0.8%), but decreased in Europe (-1.0%) and Asia Pacific/All Other (-1.4%).

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One comment

Mike Cowan
8th August 2024 at 12:32 pm

HI DAVID – as stated in the above article”s SIA’s June (and 2Q) 2024 global chip sales numbers, the Cowan LRA forecasting model is predicting a full year 2024’s global semiconductor sales of $599.4B which has turned up from my last month’s sales forecast of $597.8B.

This newly projected sales forecast result equates to an updated 2024 yr-o-yr sales growth prediction of 13.8%, which is marginaly higher than last month’s number of 13.5%, BUT still much lower than the WSTS’s SPRING 2024 market forecast of 16.0% released at the beginning of June, 2024.

Additionally, the cumulative year-to-date. YTD, sales number through June 2024 came in at $289.3B compared to last year’s corresponding YTD sales of $246.2B, thereby yielding a 2024 YTD cum sales growth of 17.5% through 2Q24. This updated YTD growth is down from last month’s YTD result of 18.6% indicating a downward sales growth trend compared to 2023.