The Semiconductor Industry Association (SIA) recently issued a statement saying that global chip sales reached a record high in the second quarter, up more than 20% from the same period last year.

According to SIA data, global chip sales rose 20.5% to $117.9 billion in the second quarter, up 6% from the previous quarter. Sales in June also rose 20.5% to $39.3 billion from June of last year.

In June, China’s sales volume led by a rise of more than 30.7% year-on-year; followed by the Americas, which rose by 26.7% year-on-year. In the past 12 months, the PHLX Semiconductor Index SOX has risen 28%; by contrast, the S&P 500 has risen 15% and the Nasdaq Composite has risen 23%.

“Global sales have increased by more than 20% year-on-year for 15 consecutive months, and sales in all major product categories increased in June,” said SIA President and CEO John Neuffer.