SAN FRANCISCO — Semiconductor sales continued to boom through July, increasing on an annual basis for the 12th consecutive month, according to the Semiconductor Industry Association (SIA) trade group.
Global chip sales for July totaled $33.6 billion on a three-month average basis, up 24 percent from July 2016, according to the SIA, which reports sales figures compiled by the World Semiconductor Trade Statistics (WSTS) organization. The figure also represents a 3.1 percent increase from June.
The July sales figures extended what has been a very strong year for semiconductor revenue, led by strong increases in average selling prices of memory chips amid a shortage in that category. In its most recent forecast issued last month, WSTS is projecting that chip sales will increase 17 percent this year to reach $397 billion.
John Neuffer, SIA president and CEO, said through a statement that the semiconductor industry's current upswing has been sustained and impressive.
"Sales in July increased throughout every major regional market and semiconductor product category, demonstrating the breadth of the global market’s recent upswing, and the industry is on track for another record sales total in 2017," Neuffer said.
Chip sales for July were up at least 17 percent year-to-year in every region, led by the Americas at 36 percent and China at 24 percent, according to the WSTS data. On a month-to-month basis, chip sales increased in every region, led by the Americas at 5 percent.
—Dylan McGrath is the editor-in-chief of EE Times.