The Semiconductor Industry Association (SIA), Washington, reports that worldwide sales of semiconductors reached $36.6 billion for the month of October 2019, an increase of 2.9 percent from the previous month’s total of $35.6 billion. However, sales were down 13.1 percent compared to the October 2018 total of $42.1 billion. Additionally, a newly released industry forecast from the World Semiconductor Trade Statistics (WSTS) organization projects annual global sales will decrease 12.8 percent in 2019, followed by increases of 5.9 percent in 2020 and 6.3 percent in 2021.
“While the global semiconductor market has slumped somewhat in 2019 compared to the record sales posted in 2018, the recent trend is more positive, with month-to-month sales increasing in October for the fourth consecutive month,” said John Neuffer, president and CEO, Semiconductor Industry Association. “Global sales are projected to decrease by double digits in 2019, then rebound with moderate growth expected in 2020 and 2021.”
SIA represents U.S. leadership in semiconductor manufacturing, design, and research, with members accounting for approximately 95 percent of U.S. semiconductor sales.
