The year-on-year growth varied by geographical region but was similar to the figures recorded in October with the Europe market up by 18.8 percent compared to a year before and the Americas region showing annual growth of 40.2 percent.
The global chip market recorded its sixteenth consecutive month of year-on-year growth with a three-month average sales figure of $37.69 billion, according to the Semiconductor Industry Association (SIA) reporting figures compiled by the World Semiconductor Trade Statistics (WSTS) organization.
Three-month average of sales for November and October 2017. Source: SIA/WST
China which buys nearly a third of the world's semiconductors spent $11.9 billion as a three-month average and enjoyed 18.8 percent annual growth The smaller Americas market had a three-month market average of $8.77 billion but continues to grow faster than any other region.
Japan's market is growing at a more modest rate and that growth rate is falling and an indication of structural problems within the Japanese chip market and wider economy.
Monthly data is given by the ESIA and SIA as a three-month average, with the exception of year-to-date figures, although the WSTS organization tracks actual monthly data. The ESIA and other regional semiconductor industry bodies opt to use averaged data because it evens out the actual data that typically shows troughs at the beginnings of quarters and peaks at the ends of quarters.
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