LONDON – Worldwide sales of semiconductors reached a three-month average of $24.38 billion in June for the month of June 2012, a decrease of 0.1 percent from the prior month when the averaged sales were $24.40 billion, according to the Semiconductor Industry Association.
The sales came in slightly below some analysts' expectations and sequential decline in the Americas region of 3.6 percent has offset sequential growth in the Japanese and Asia Pacific regions.
The averaged global sales for June 2012 were 2 percent lower than in June 2011. The three-month averages have been below their equivalents in 2011 throughout the first half of 2012 although the difference is diminishing, the SIA said.
"The semiconductor industry continues to navigate the turbulent global economy better than most sectors, but macroeconomic uncertainties are limiting overall recovery and growth. The Japan and Asia Pacific sequential increases are encouraging signs, but are tempered by continued weakness in Europe and the Americas," said Brian Toohey, president and CEO of the SIA, in a statement. "Congress can help ease economic uncertainty by enacting effective and dependable policies that promote American competitiveness and spur economic growth. Policymakers should chart a path forward during the August congressional recess and return to Washington, D.C. next month ready to act."
Regionally, semiconductor sales increased on a sequential monthly basis in Japan (2 percent) and Asia Pacific (0.6 percent) but declined in Europe (-0.7 percent) and the Americas (-3.6 percent). Compared to June 2011, sales in June 2012 increased in Japan (3.7 percent) and Asia Pacific (1.0 percent) but fell steeply in the Americas (-8.1 percent) and Europe (-12.1 percent).
Japan and Asia Pacific attained month-over-month and year-over-year growth simultaneously for the first time since September 2010.
Monthly chip sales figures are given by the SIA as a three-month average although the source, the World Semiconductor Trade Statistics organization, tracks actual sales. The SIA and other regional semiconductor industry bodies use the averaged data because it smoothes out peaks and troughs within quarters.
Click on image to enlarge.
June 2012 global chip sales by region. Source: SIA (Figures in U.S. dollar billions are three month averages.)
Hi Peter - the "softness" in June global semi sales has translated to a drop in the 2012 sales growth expectation to -0.9 percent from last month's prediction of (plus) 0.1 percent - essentially flat growth - as gleamed from the latest run of the Cowan LRA forecasting model. The latest sales forecast projection for full year 2012 came in at $296.97 billion (compared to last month's forecast estimate of $299.84 billion) based on June's actual sales of $26.33 billion. Since the WSTS has not yet posted its June HBR (expected on Aug 7th), June's actual sales number, quoted above, was abstracted by back-tracking the monthly 3MMA sales numbers for May and June as posted on the SIA's website in their monthly 3MMA GSR.
Mike Cowan (independent market watcher and developer of the Cowan LRA Model for forecasting global semi sales)
....the growth forecasts are falling and going negative.
There's you forcecasting a 1 percent contraction and I just heard that ABI Research are saying the chip market could contract by up to 5 percent.
Market researchers seem to start the years expecting/hoping for 10 percent growth but as they gain more and more evidence towards the full year the numbers dive.