Global chip sales grew by 18% in June – both Americas increased the most

Based on the results of the entire second quarter, as noted in the report of the SIA association, revenue from the sale of semiconductor components on the global market increased by 18.3% to $149.9 billion year-on-year; sequential growth was limited to 6.5%. Directly in June, both Americas increased strongly, but they failed to catch up with China in terms of revenue.

Image source: GlobalFoundries

SIA’s June statistics, which cover 99% of U.S. semiconductor suppliers and nearly two-thirds of other countries, show global chip revenue growing 18.3% year-over-year to $50 billion, up 1.7% sequentially. The growth leaders in June were both Americas, which increased year-on-year revenue from sales of semiconductor products by 42.8% to $14.8 billion. Apparently, such growth can be explained by the high demand for components for artificial intelligence systems, which are actively developing precisely with the participation of American companies.

Image source: SIA

At the same time, China remains the largest region for the sale of semiconductor components in monetary terms. At the end of June, it increased revenue year-on-year by 21.6% to $15.1 billion. In third place in terms of revenue growth rates in June were the countries of the Asia-Pacific region and all others not related to Europe and Japan. In the last two regions, revenue in June decreased by 11.2% and 5%, respectively. In general, as noted by SIA representatives, the second quarter was the first three-month period since the fourth quarter of last year, following which revenue from sales of semiconductor products on a global scale increased sequentially. This, to some extent, allows us to talk about the restoration of demand for chips.