August's three-month average for the global market for chips was $34.96 billion, up 23.9 percent on the same period a year before, again driven by the Americas region with exceptional regional growth of 39 percent, according to data supplied by the US Semiconductor Industry Association (SIA).
The Asia-Pacific and China regions continued to enjoy year-on-year growth of above 20 percent, while Japan's growth rate continued to soften to 14.3 percent compared to the previous month while the European region stayed at 18.8 year-on-year growth.
As a result the European and Japanese markets continued to lag behind the strong growth elsewhere. Europe's three-month averaged market was $3.22 billion in August while that of the Americas was $7.55 billion and that of China was $11.08 billion.
For the year-to-date, the first eight months of 2017 the chip market is running 21.6 percent ahead of the market over the same period in 2016.
Three-month average of sales for July and August 2017. Source: ESIA/WSTS
"Global semiconductor sales were up significantly in August, increasing year-to-year for the thirteenth consecutive month and reaching $35 billion for the first time," said John Neuffer, CEO of the SIA, in a statement. "Sales in August increased across the board, with every major regional market and semiconductor product category posting gains on a month-to-month and year-to-year basis. Memory products continue be a major driver of overall market growth, but sales were up even without memory in August."
Monthly data is given by the SIA and the ESIA as a three-month average, with the exception of year-to-date figures, although the WSTS organization tracks actual monthly data. The SIA and other regional semiconductor industry bodies opt to use averaged data because it evens out the actual data that typically shows troughs at the beginnings of quarters and peaks at the ends of quarters.
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