According to data released yesterday by the Semiconductor Industry Association (SIA), global chip sales in August increased by 14.9% year-on-year to US$40.16 billion, exceeding the record of US$39.49 billion in July. This is the first time global chip sales have exceeded US$40 billion in a single month.

SIA President and CEO John Neuffer said: "Although sales growth has slowed in recent months, sales in major semiconductor product categories and regional markets remain strong, with China and the Americas having the highest annual growth rates. According to SIA's report data, chip sales in the Chinese market increased by 27.3% year-on-year in August, while the Americas market grew by 15% year-on-year.

In July 2018, the three-month average of global semiconductor sales reached $39.5 billion, an increase of 17.4% from the same period in July 2017. The annual growth rate continued to be stable, with a record of more than 20% annual growth for 15 consecutive months in July.