Chinese chip market achieves blistering growth

Chinese chip market achieves blistering growth

Market news |
The global chip market continued to race forward in February 2017 with all regions showing strong growth and China showing exceptional growth of 25 percent year-on-year, according to numbers from the European Semiconductor Industry Association (ESIA).
By Peter Clarke

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Europe continues to be the slowest growing region with the three-month average for the region’s chip market at $2.819 billion, up 5.9 percent year-on-year and up 9.4 percent on a euro basis.

However, the three-month average for the Chinese chip market stood at $10.050 billion in February, up 25.0 percent year-on-year. China represents about one-third of the global market for chips and the Asia-Pacific region, including China but excluding Japan, accounts for about half the global chip market.

The three-month average for global market grew by 16.5 percent year-on-year in February to stand at $30.391 billion, according to ESIA, which reports numbers compiled by the World Semiconductor Trade Statistics organization.

Three-month average of sales for February and January 2017. Source: ESIA/WSTS.

The year-to-date figures, which are based on actual monthly numbers, rather than three-month averaged numbers, tell a similar tale with Europe growing by 7.9 percent compared with the first two months of 2016 and China up 25 percent.

While the growth shown by China and Asia-Pacific is unlikely to sustainable in the long-term it is thought that rapidly increasing memory pricing is a contributory factor.

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.

Related links and articles:

www.eusemiconductors.eu

www.semiconductors.org

News articles:

Rising memory prices lift chip market outlook

European chip market growth far behind China’s

Global semiconductor sales hit record, says ESIA report

Europe lags as chip market motors

Global chip market recovery gathers pace

China leads global chip market recovery

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