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The Semiconductor Industry Association (SIA), representing U.S. leadership in semiconductor manufacturing, design, and research, today announced worldwide sales of semiconductors reached $37.1 billion for the month of October 2017, an increase of 21.9% from the October 2016 total of $30.4 billion and 3.2% more than last month’s total of $36.0 billion. October marked the global industry’s largest-ever monthly sales total. All monthly sales numbers are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. Additionally, the latest WSTS industry forecast was revised upward and now projects annual global market growth of 20.6% in 2017 and 7.0% in 2018.
“The global semiconductor market continued to grow impressively in October, with sales surpassing the industry’s highest-ever monthly total and moving closer to topping $400 billion for 2017,” said John Neuffer, president and CEO, Semiconductor Industry Association. “Market growth continues to be driven in part by high demand for memory products, but combined sales of all other semiconductor products were up substantially as well, showing the breadth of the market’s strength this year.”
Regionally, year-to-year sales increased in the Americas (40.9%), Europe (19.5%), China (19.1%), Asia Pacific/All Other (16.3%), and Japan (10.7%). Compared with last month, sales were up more modestly across all regions: the Americas (6.8%), China (2.6%), Europe (2.6%), Japan (1.8%), and Asia Pacific/All Other (1.5%).
Additionally, SIA today endorsed the WSTS Autumn 2017 global semiconductor sales forecast, which projects the industry’s worldwide sales will be $408.7 billion in 2017. This would mark the industry’s highest-ever annual sales, its first time topping $400 billion, and a 20.6% increase from the 2016 sales total. WSTS projects double-digit year-to-year increases across all regional markets for 2017: the Americas (31.9%), Asia Pacific (18.9%), Europe (16.3%), and Japan (12.6%). Beyond 2017, growth in the semiconductor market is expected to moderate across all regions. WSTS tabulates its semi-annual industry forecast by convening an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends.
The Semiconductor Industry Association (SIA) is the voice of the U.S. semiconductor industry, one of America's top export industries and a key driver of America’s economic strength, national security, and global competitiveness. Semiconductors – microchips that control all modern electronics – enable the systems and products we use to work, communicate, travel, entertain, harness energy, treat illness, and make new scientific discoveries. The semiconductor industry directly employs nearly a quarter of a million people in the U.S. In 2016, U.S. semiconductor company sales totaled $164 billion, and semiconductors make the global trillion-dollar electronics industry possible. SIA seeks to strengthen U.S. leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration and other key industry stakeholders to encourage policies and regulations that fuel innovation, propel business and drive international competition. Learn more here.
World Semiconductor Trade Statistics (WSTS) is an independent non-profit organization representing the vast majority of the world semiconductor industry. The mission of WSTS is to be the respected source of semiconductor market data and forecasts. Founded in 1986, WSTS is the singular source for monthly industry shipment statistics.