Global Semiconductor Sales Experience a 2.3% Surge in July 2023

The Semiconductor Industry Association (SIA) has announced a 2.3% month-to-month increase in global semiconductor sales for July 2023. The total sales for the month were $43.2 billion, a rise from June's total of $42.2 billion. 

Despite this increase, the sales were 11.8% lower compared to July 2022's total of $49.0 billion. The monthly sales data, compiled by the World Semiconductor Trade Statistics (WSTS) organization, represents a three-month moving average. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. 

Despite the year-to-year decrease, SIA President and CEO, John Neuffer, sees reason for optimism. He stated, 'The global semiconductor market has experienced modest but steady month-to-month growth this year, with sales increasing for the fourth consecutive month in July.' 

He added that the year-to-year decrease in July was the smallest gap of the year to date. Regionally, sales increased in the Americas (6.3%), China (2.6%), Europe (0.5%), and Asia Pacific/All Other (0.3%), but decreased slightly in Japan (-1.0%). Year-to-year sales were up in Europe (5.9%), but down in Japan (-4.3%), the Americas (-7.1%), Asia Pacific/All Other (-16.2%), and China (-18.7%). 

For more comprehensive monthly semiconductor sales data and detailed WSTS forecasts, the WSTS Subscription Package is available for purchase. For detailed historical information about the global semiconductor industry and market, consider ordering the SIA Databook.