The boom is being driven by the combination of increased unit shipments and increased average selling prices, particularly of DRAM and NAND flash memory.
The global annual growth, based on numbers kept as three-month moving averages, was only up from 22.9 percent in the previous average for May, suggesting that the growth rate could come down in the second-half of 2017.
The Asia-Pacific and China regions continued to enjoy year-on-year growth of above 20 percent, Japan's growth rate increased to 18 percent catching up with growth enjoyed by the European region.
The three-month average for the global market stood at $32.64 billion, according to ESIA, which reports numbers compiled by the World Semiconductor Trade Statistics organization.
Europe and Japan continued to lag behind the strong growth elsewhere. Europe's three-month averaged market was $3.16 billion in May, up 18.3 percent year-on-year. Japan's three-month average sales were $2.98 billion, up 18.0 percent year-on-year.
Three-month average of sales for May and June 2017 (except YTD figures). Source: ESIA/WSTS
Monthly data is given by the ESIA as a three-month average, with the exception of year-to-date figures, although the WSTS organization tracks actual monthly data. The ESIA 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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