Global demand keeps chip market booming

October 05, 2021 // By Peter Clarke
Global demand keeps chip market booming
The global chip market expanded by 29.7 percent in August compared to a year before, thanks to even strong growth in China and the Americas, according to latest statistics.

In terms of three-month averaged chip sales the global market in August 2021 was $45.7 billion up by 29.7 percent compared with a year before, according to the Semiconductor Industry Association, which reports figures tracked by World Semiconductor Trade Statistics (WSTS).

This exceptional growth compares with 29.0 percent in July and 29.2 percent in June on the same basis.

The Chinese market, which buys a third of global chip sales, was up 30.8 percent, while the similarly significant Americas market was up 30.6 percent. The much smaller European market showed the strongest annual growth at 33.5 percent but this probably reflects that depth of the slump in that market a year before and was down from 38 percent annual growth the previous month. Japan and the rest of world regions saw lower growth but still well above 20 percent.

Three-month average of chip sales by geographic region for August and July 2021. Source: SIA/WSTS.

Monthly data is given by the SIA as a three-month average although the source of the data, World Semiconductor Trade Statisics, 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.eusemiconductors.eu

News articles:

Global chip market growth rate flattens

Global chip market's second quarter up 29% year-on-year

After pandemic perturbation comes extreme chip market growth

Pandemic comparison makes chip market look strong

WSTS recasts 2021 as 20% growth year for chip market


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