By Kate Yuan

(JW Insights) October 6 - The global semiconductor industry sales totaled $44.0 billion during the month of August 2023, an increase of 1.9% compared to the July 2023 total of $43.2 billion but 6.8% less than the August 2022 total of $47.2 billion, according to the latest figures of the Semiconductor Industry Association. The sales in China hit $13 billion in August, up 2.0% month-to-month.

John Neuffer, SIA president and CEO, said“Global semiconductor sales ticked up on a month-to-month basis for the sixth consecutive month in August, demonstrating a slow-and-steady increase in market demand during the middle of the year.”

“Global sales were down again in August compared to last year, but the year-to-year decrease was smaller than at any point since October 2022, providing optimism for continued momentum in the months ahead,”he added

Regionally, month-to-month sales increased in the Americas (4.6%), China (2.0%), and Asia Pacific/All Other (1.2%), but decreased slightly in Japan (-0.4%) and Europe (-1.1%). Year-to-year sales were up in Europe (3.5%) and the Americas (0.3%), but down in Japan (-2.9%), Asia Pacific/All Other (-11.3%), and China (-12.6%), according to SIA.