Despite the economic uncertainties caused by the Covid-19 pandemic, the worldwide semiconductor sales demonstrated an upward trend in July 2020...
Despite the economic uncertainties caused by the Covid-19 pandemic, the worldwide semiconductor sales demonstrated an upward trend in July 2020. All major regional markets reported sales increases on a month-to-month basis.
The Semiconductor Industry Association (SIA) announced global sales of semiconductors were $35.2 billion in July 2020, up 4.9 percent from July 2019 total of $33.5 billion and up 2.1 percent from the June 2020 total of $34.5 billion.
“The global semiconductor market has remained largely resistant to global macroeconomic headwinds through the first seven months of the year, with sales in July increasing on both a year-to-year and month-to-month basis, but substantial market uncertainty remains for the rest of the year,” commented John Neuffer, SIA president and CEO, in a statement.
Taking a closer look at different regions, SIA reported that sales increased on a year-to-year basis in the Americas (26.3 percent), China (3.5 percent), and Asia Pacific/All Other (1.4 percent), but decreased in Japan (-0.4 percent) and in Europe (-14.7 percent).
On a month-to-month basis, semiconductor sales improved across all regions: Asia Pacific/All Other (4.5 percent), Japan (3.4 percent), Europe (3.2 percent), the Americas (0.9 percent), and China (0.5 percent).
In June, SIA announced global semiconductor sales grew by 5.1 percent from the June 2019 total of $32.9 billion. “Second-quarter semiconductor sales were roughly flat compared to the first quarter, and the global industry continues to post year-to-year sales increases, but significant uncertainty remains for the second half of the year due to ongoing macroeconomic headwinds,” stated Neuffer at the time.
SIA represents 95 percent of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.