Global Semiconductor Sales Increased Six Percent Year-To-Year In October: SIA

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  • It reached $39.0 billion for the month of October 2020 from $36.8 billion in October 2019
  • It is 3.1 per cent more than the September 2020 total of $37.9 billion
Image for representation (pic credit-ceth ksu)

The global semiconductor sales incraesed six per cent year-to-year in October as per the Semiconductor Industry Association (SIA). It reached $39.0 billion for the month of October 2020 from $36.8 billion in October 2019. It is 3.1 per cent more than the September 2020 total of $37.9 billion.

Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. Additionally, a newly released WSTS industry forecast projects annual global sales will increase 5.1 per cent in 2020, followed by an increase of 8.4 percent in 2021. Projections for both years are higher than they were in the previous WSTS forecast released in July.

John Neuffer, SIA president and CEO said, “Global semiconductor sales in October increased year-to-year by the largest percentage since March, continuing to demonstrate the global semiconductor market’s resilience so far to headwinds caused by the pandemic and other macroeconomic factors. Annual semiconductor sales are projected to increase moderately in 2020, with somewhat larger growth forecasted for 2021.”

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Industry’s worldwide sales will be $433.1 billion in 2020

Regionally, sales increased on a year-to-year basis in the Americas (14.2 per cent), China (6.3 per cent), and Asia Pacific/All Other (5.3 per cent), but decreased in Japan (-1.0 per cent) and Europe (-4.8 per cent). On a month-to-month basis, sales increased across all regions with Europe (6.0 per cent), the Americas (3.2 per cent), China (2.9 per cent), Asia Pacific/All Other (2.8 per cent), and Japan (1.6 per cent).

SIA today endorsed the WSTS Autumn 2020 Semiconductor Market Forecast, which projects the industry’s worldwide sales will be $433.1 billion in 2020, a 5.1 percent increase from the 2019 sales total of $412.3 billion.

It added, “WSTS projects year-to-year increases in 2020 for the Americas (18.7 per cent) and Asia Pacific (3.8 per cent), with decreases projected in Japan (-0.6 per cent) and Europe (-8.4 per cent). In 2021, global sales are expected to increase by 8.4 per cent. The last WSTS forecast, released in July 2020, projected smaller market growth of 3.3 per cent in 2020 and 6.2 per cent in 2021. “

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