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Global semiconductor industry sales for May jumped 19.3% year-over-year to $49.1 billion, according to data from The Semiconductor Industry Association (SIA)
The sales rose 4.1% in May as compared to the prior month.
“The global semiconductor market has grown on a year-to-year basis during each month of 2024, and year-to-year sales in May increased by the largest percentage since April 2022,” said John Neuffer, SIA president and CEO.
The Americas market experienced particularly strong growth, Neuffer added.
On the basis of region, year-to-year sales were up in the Americas by 43.6%, China by 24.2%, and Asia Pacific/All Other by 13.8%, but declined in Japan by 5.8% and Europe by 9.6%.
Top semiconductor names: Nvidia (NVDA), Intel (INTC), Micron Technology (MU); Texas Instruments (TXN); Qualcomm (QCOM); NXP Semiconductors (NXPI); Applied Materials (AMAT).