Europe’s chip market now one third the size of China’s

Europe’s chip market now one third the size of China’s
Market news |
Although the European chip market is growing strongly in 2017, its growth is slower than that of the Americas region and that of China and has led to a European market in July that was less than half that of the Americas region and one third that of China.
By Peter Clarke

Share:

July’s three-month average for the global market for chips was up 24.0 percent compared with a year before, again driven by the Americas region with exceptional growth of 36.1 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 decreased to 16.7 percent compared to the previous month while the European region moved up to 18.9 percent.

The three-month average for the global market stood at $33.65 billion in July, according to SIA, 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 $3.20 billion in July while that of the Americas was $6.94 billion and that of China was $10.69 billion.

Three-month average of sales for June and July 2017. Source: SIA/WSTS

“Worldwide semiconductor sales increased on a year-to-year basis for the twelfth consecutive month in July, reflecting impressive and sustained growth for the global semiconductor market,” said John Neuffer, CEO of the SIA, in a statement. “Sales in July increased throughout every major regional market and semiconductor product category, demonstrating the breadth of the global market’s recent upswing, and the industry is on track for another record sales total in 2017.”

Monthly data is given by the SIA 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.

Related links and articles:

www.semiconductors.org

www.wsts.org

News articles:

Memory-driven boom nears growth rate peak

Americas takes over driving global chip boom

China kicks chip market boom up a notch

Two-speed global chip market continues to run hot

Linked Articles
eeNews Analog
10s