It said on Tuesday worldwide sales rose from 21.9% from October 2016’s total of US$30.4bil and 3.2% more than September’s total of US$36bil.
The SIA also endorsed the World Semiconductor Trade Statistics (WSTS) organisation’s Autumn 2017 global semiconductor sales forecast, which projects the industry’s worldwide sales will be US$408.7bil in 2017.
“This would mark the industry’s highest-ever annual sales, its first time topping US$400bil, and a 20.6% increase from the 2016 sales total,” said the SIA, which represents US leadership in
semiconductor manufacturing, design, and research.
Additionally, the latest WSTS industry forecast was revised upward and now projects annual global market growth of 20.6% in 2017 and 7% in 2018.
“The global semiconductor market continued to grow impressively in October, with sales surpassing the industry’s highest-ever monthly total and moving closer to topping $400 billion for 2017,” said SIA president and CEO John Neuffer.
“Market growth continues to be driven in part by high demand for memory products, but combined sales of all other semiconductor products were up substantially as well, showing the breadth of the market’s strength this year,” he said.
Regionally, year-to-year sales increased in the Americas (40.9%), Europe (19.5%), China (19.1%), Asia Pacific/All Other (16.3%), and Japan (10.7%).
Compared with last month, sales were up more modestly across all regions: the Americas (6.8%), China (2.6%), Europe (2.6%), Japan (1.8%), and Asia Pacific/All Other (1.5%).
On the WSTS Autumn 2017 global semiconductor sales forecast, the SIA said the expected US$408.7bil in 2017.
This would mark the industry’s highest-ever annual sales, its first time topping US$400bil, and a 20.6% increase from the 2016 sales total.
WSTS projects double-digit year-to-year increases across all regional markets for 2017: the Americas (31.9%), Asia Pacific (18.9%), Europe (16.3%), and Japan (12.6%).
“Beyond 2017, growth in the semiconductor market is expected to moderate across all regions. WSTS tabulates its semi-annual industry forecast by convening an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends,” said the SIA.