KUALA LUMPUR (Dec 6): Global sales of semiconductors rose 21.9% year-on-year in October to hit US$37.1 billion, according to the U.S. based Semiconductor Industry Association (SIA).

In a statement on its website Dec 4, SIA said the sales figure was 3.2% more than last month’s total of US$36 billion.

It said October marked the global industry’s largest-ever monthly sales total.

All monthly sales numbers are compiled by the World Semiconductor Trade Statistics (WSTS) organisation and represent a three-month moving average.

Additionally, it said the latest WSTS industry forecast was revised upward and now projects annual global market growth of 20.6% in 2017 and 7% in 2018.

SIA president and CEO John Neuffer said the global semiconductor market continued to grow impressively in October, with sales surpassing the industry’s highest-ever monthly total and moving closer to topping US$400 billion for 2017.

“Market growth continues to be driven in part by high demand for memory products, but combined sales of all other semiconductor products were up substantially as well, showing the breadth of the market’s strength this year,” he said.

Regionally, the SIA said year-to-year sales increased in the Americas (40.9%), Europe (19.5%), China (19.1%), Asia Pacific/All Other (16.3%), and Japan (10.7%).

It said compared with last month, sales were up more modestly across all regions: the Americas (6.8%), China (2.6%), Europe (2.6%), Japan (1.8%), and Asia Pacific/All Other (1.5%).

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