Global Semiconductor Sales Increase 23.2% in Q3 2024 compared to Q3 2023; Quarter-to-Quarter sales up 10.7%
Record-Breaking Global Chip Sales in September
Global semiconductor sales hit an all-time monthly high of $55.3 billion in September 2024, marking a 4.1% rise from August, with the Semiconductor Industry Association (SIA) reporting a remarkable third-quarter total of $166.0 billion. This represents a 23.2% year-over-year increase, the largest quarterly growth rate since 2016. Growth was particularly strong in the Americas, which saw a 46.3% year-over-year sales spike, followed by increases in China, Asia Pacific, and Japan. However, Europe showed an 8.2% decrease in annual sales, highlighting varied regional trends within the global semiconductor market.
My Take
As demand surges, supply chains must prioritize resilience to handle this record-breaking growth sustainably. The sharp increase in sales across the Americas reflects a positive momentum shift, possibly due to recent trade policies and the “Chip Act” investments. However, Europe’s decline signals a need for renewed strategic focus there, as this drop could impact the region’s long-term semiconductor competitiveness. Expect continued growth in 2025 as AI, EVs, and other tech trends drive chip innovation and market expansion.
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Credit: Semiconductor Industry Association