Global semiconductor sales reached $51.3 billion in August 2024, a 20.6% year-over-year rise, driven by strong demand in AI, cloud computing and automotive sectors, marking sustained industry growth.
Global semiconductor sales reached an unprecedented $51.3 billion in August 2024, marking a 20.6% year-over-year increase, according to the Semiconductor Industry Association (SIA). This is the highest growth since April 2022, fueled by surging demand in artificial intelligence (AI), cloud computing and automotive sectors.
The August sales statistics, gathered by the World Semiconductor Trade Statistics (WSTS) and released by SIA, reflects a 3.5% rise from July’s $51.3 billion. August also marked the fifth consecutive month of growth for the semiconductor industry, signaling a sustained recovery after the recession in 2023.
Regionally, the Americas led the sales surge with a 43.9% year-on-year jump, followed by China (19.2%), the Asia-Pacific and other regions (17.1%) and Japan (2%). Europe was the only region to record a decline, down 9% compared to last year. On a monthly basis, all regions experienced positive growth, with the Americas showing the strongest increase at 7.5%.
Looking forward, WSTS has reviewed its 2024 global semiconductor sales prediction to $611 billion, reflecting a 16% growth over 2023. Strong demand from computing end markets is expected to continue driving this growth. By 2025, sales are projected to reach $687 billion, although growth is expected to moderate to 12.5%.
Despite ongoing geopolitical tensions and supply chain challenges, the semiconductor industry is poised for continued expansion, with the AI boom playing a central role in driving future demand.
