KUALA LUMPUR (Sept 6): Global sales of semiconductors jumped 24% year-on-year in July 2017 to reach US$33.6 billion from US$27.1 billion a year earlier, according to the U.S.-based Semiconductor Industry Association (SIA).

In a statement on its website, SIA said the figure was 3.1% higher than the June 2017 total of US$32.6 billion.

It said all major regional markets posted both year-to-year and month-to-month increases in July, and the Americas market led the way with growth of 36.1% year-to-year and 5.4% month-to-month.

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

SIA president and CEO John Neuffer said worldwide semiconductor sales increased on a year-to-year basis for the twelfth consecutive month in July, reflecting impressive and sustained growth for the global semiconductor market.

“Sales in July increased throughout every major regional market and semiconductor product category, demonstrating the breadth of the global market’s recent upswing, and the industry is on track for another record sales total in 2017,” said Neuffer.

The SIA said year-to-year sales increased in the Americas (36.1%), China (24.1%), Asia Pacific/All Other (20.5%), Europe (18.9%), and Japan (16.7%).

Meanwhile, month-to-month sales increased in the Americas (5.4%), Asia Pacific/All Other (2.8%), China (2.7%), Japan (2.1%), and Europe (1.2%).