The global semiconductor industry has grown to a level where sales have reached beyond $35 billion in one month, according to the leading industry association in the US.
The Semiconductor Industry Association, says worldwide sales of semiconductors reached $35 billion for the month of August 2017, an increase of 23.9 percent compared to the August 2016 total of $28.2 billion and 4 percent more than the July 2017 total of $33.6 billion.
All major regional markets posted both year-to-year and month-to-month increases in August, and the Americas market led the way with growth of 39 percent year-to-year and 8.8 percent month-to-month.
All monthly sales numbers are compiled by the World Semiconductor Trade Statistics organization and represent a three-month moving average.
John Neuffer, president and CEO, Semiconductor Industry Association, says: “Global semiconductor sales were up significantly in August, increasing year-to-year for the thirteenth consecutive month and reaching $35 billion for the first time.
“Sales in August increased across the board, with every major regional market and semiconductor product category posting gains on a month-to-month and year-to-year basis. Memory products continue to be a major driver of overall market growth, but sales were up even without memory in August.”
Year-to-year sales increased in:
- the Americas (39.0 percent);
- China (23.3 percent);
- Asia Pacific/All Other (19.5 percent);
- Europe (18.8 percent); and
- Japan (14.3 percent).
Month-to-month sales increased in:
- the Americas (8.8 percent);
- China (3.7 percent);
- Japan (2.8 percent);
- Asia Pacific/All Other (2.2 percent); and
- Europe (0.6 percent).
Neuffer says: “With about half of global market share, the US semiconductor industry is the worldwide leader, but US companies face intense global competition.
“To allow our industry to continue to grow and innovate here at home, policymakers in Washington should enact corporate tax reform that makes the US tax system more competitive with other countries.
“The corporate tax reform framework released last week by leaders in Congress and the Trump Administration is an important step forward.
“We look forward to working with policymakers to enact corporate tax reform that strengthens our industry and the US economy.”