October 8, 2024 /SemiMedia/ — According to a recent report by the Semiconductor Industry Association (SIA), global semiconductor sales reached $53.1 billion in August 2024, reflecting a 20.6% increase from $44.0 billion in August 2023 and a 3.5% rise from $51.3 billion in July 2024.

“The global semiconductor market continued to grow substantially in August, hitting its highest-ever sales total for the month of August, and month-to-month sales increased for the fifth consecutive month,” said John Neuffer, SIA president and CEO. “Year-to-year sales increased by the largest percentage since April 2022, driven by a 43.9% year-to-year sales increase into the Americas, and month-to-month sales were up across all regions for the first time since October 2023.”

Regionally, year-to-year sales were up in the Americas (43.9%), China (19.2%), Asia Pacific/All Other (17.1%), and Japan (2.0%), but down in Europe (-9.0%). Month-to-month sales in May increased in the Americas (4.3%), Japan (2.5%), Europe (2.4%), China (1.7%), and Asia Pacific/All Other (1.5%).