July 7, 2023 /SemiMedia/ -- According to the latest report from the Semiconductor Industry Association (SIA), global semiconductor industry sales totaled $40.7 billion in May 2023, up 1.7% from the $40.0 billion total in April 2023 but down 21.1% from the $51.7 billion total in May 2022.
“Despite continuing market sluggishness compared to 2022, month-to-month global semiconductor sales inched upward in May for the third consecutive month, sparking optimism for a possible market rebound during the second half of the year,” said John Neuffer, SIA president and CEO.
Regionally, month-to-month sales increased modestly across all regions: China (3.9%), Europe (2.0%), Asia Pacific/All Other (1.3%), Japan (0.4%), and the Americas (0.1%). Year-to-year sales were up in Europe (5.9%), but down in Japan (-5.5%), the Americas (-22.6%), Asia Pacific/All Other (-23.0%), and China (-29.5%).
