Global Semiconductor Sales Increase 5.8 Per Cent Year-to-Year in May 2020: SIA

- Advertisement -
- Advertisement -
  • Regionally, sales increased slightly on a month-to-month basis in China (5.8 per cent), Japan (2.8 per cent), and the Americas (1.9 per cent)
  • Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organisation and represent a three-month moving average

The worldwide sales of semiconductors were $35 billion in May 2020 as per the Semiconductor Industry Association (SIA). It went up 5.8 percent from the May 2019 total and 1.5 per cent more than the April 2020 total of $34.4 billion.

Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organisation and represent a three-month moving average. A newly released WSTS industry forecast projects annual global sales will increase 3.3 percent in 2020 and 6.2 percent in 2021. SIA represents 95 per cent of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.

John Neuffer, SIA president and CEO said that the global semiconductor market in May remained largely resistant to the widespread economic disruptions caused by the COVID-19 pandemic. He added that there is still significant uncertainty for the months ahead. The latest industry forecast projects modest annual growth for 2020, followed by more substantial sales increases in 2021 as per him.

- Advertisement -

Industry’s worldwide sales will be $426.0 billion in 2020

Regionally, sales increased slightly on a month-to-month basis in China (5.8 per cent), Japan (2.8 per cent), and the Americas (1.9 per cent). It decreased in Asia Pacific/All Other (-1.7 per cent) and Europe (-6.5 percent). It said that on a year-to-year basis, sales increased significantly in the Americas (25.5 per cent) and modestly in China (4.9 percent), Asia Pacific/All Other (2.5 per cent), and Japan (1.5 per cent), but decreased in Europe (-12.9 per cent).

SIA has endorsed the WSTS Spring 2020 forecast. It projects the industry’s worldwide sales will be $426.0 billion in 2020. The WSTS projects year-to-year increases in the Americas (12.8 per cent) and Asia Pacific (2.6 per cent). It projects year-to-year for sales into Europe (-4.1 per cent) and Japan (-4.4 per cent).

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

Agriculture drone spraying water fertiliser on the sunflower field

Rising Drone Startups Giving Rise To Balanced Drone Ecosystem, India

0
Ban on drone imports, restrictions on foreign operators, alongside simplified permission processes and relaxed rules for domestic drones drive the Indian drone market.  The Indian...

ICE To EV Transition Likely Boosts Auto Sector Jobs

0
A report by the International Forum for Environment Sustainability and Technology predicts that India's total vehicle production will double by FY31 and triple by...

Element14 Offers Traco Power Product Line Featuring TMPW Series

0
Electronics and industrial design engineers can use these ultra-compact AC/DC power supplies, which come in PCB and chassis mount configurations, for their critical building...

Buzz

EKPO Secures FAW Group’s Fuel Cell Stack Order

0
The contract entails the initial delivery of 'NM12 Single' stack modules for integration into Hongqi's next-generation fuel cell system, a premium brand of China's...

Delhi Solar Energy Policy Introduces Hybrid RESCO Model In India

0
The policy offers Generation Based Incentives (GBI) for five years to domestic, commercial, and industrial consumers.  The Delhi government has launched the Delhi Solar Energy...

Kerala’s ‘chargeMOD’ To Add 1,200 EV Chargers In India

0
'chargeMOD' is expanding its deployment of electric vehicle (EV) chargers in India, emphasizing quality and affordability. The introduction of Ultra Fast Chargers is part...

Important Sectors

EKPO Secures FAW Group’s Fuel Cell Stack Order

0
The contract entails the initial delivery of 'NM12 Single' stack modules for integration into Hongqi's next-generation fuel cell system, a premium brand of China's...

Delhi Solar Energy Policy Introduces Hybrid RESCO Model In India

0
The policy offers Generation Based Incentives (GBI) for five years to domestic, commercial, and industrial consumers.  The Delhi government has launched the Delhi Solar Energy...

Kerala’s ‘chargeMOD’ To Add 1,200 EV Chargers In India

0
'chargeMOD' is expanding its deployment of electric vehicle (EV) chargers in India, emphasizing quality and affordability. The introduction of Ultra Fast Chargers is part...

Okaya To Supply 600 EV Chargers To HPCL Pan India

0
This initiative aims to enhance EV accessibility and convenience nationwide, featuring advanced safety features and certifications.  In a move for India's sustainable transportation sector, Okaya...

India’s EV Policy: Leveling the Playing Field For Manufacturers

0
This policy benefits new entrants and supports existing players planning to invest in EVs, ensuring a level playing field for all. The Indian government has...

Manufacturing

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...

Servotech Boosts India’s EV Charging Infrastructure With Manufacturing Facility

0
The new facility is poised to start with an annual production capacity of 24,000 power modules and plan to scale up to 2.4 lakh...

Uno Minda Prepares For Expected Surge In Aftermarket Parts Demand

0
Rakesh Kher, CEO of Uno Minda's Aftermarket Division, notes that the availability of EV replacement parts in the aftermarket will not be immediate. Uno Minda,...