Americas chip market growth stays high in April as China decline continues
The global chip market’s year-on-year growth continued to dip in April. Continued strong growth in the Americas region was offset by a dip in the Chinese market.
The global chip market was worth $50.9 billion in the month of April 2022, an increase of 21.1 percent over the April 2021, according to the US-based Semiconductor Industry Association. The sales figure is based on the three-month average of actual sales in April, March and February, compiled by World Semiconductor Trade Statistics (WSTS) organization.
China buys about one third of the world’s chips so a decline there hits global chip market. China’s decline is probably partly due to a number of city lockdowns and work suspensions during April and preceding months.
The global chip market’s year-on-year growth was down at 21.1 percent from 23.0 percent in March and 32.4 percent in February.
The Americas region stayed high with annual growth of 40.9 percent up from 40.1 percent the previous month. China has declined steadily to 13.3 percent in April from 17.3 percent in March and 21.8 percent in February.
Chip market growth in the regions of Europe and Japan also declined dropping below the 20 percent mark while the Asia-Pacific region was more or less flat at 18.1 percent.
“Global semiconductor sales have increased by more than 20 percent on a year-to-year basis for 13 consecutive months, indicating consistently high and growing demand for semiconductors across a range of critical sectors,” said John Neuffer, SIA CEO, in a statement. “High global chip demand will necessitate more semiconductor research, design, and manufacturing in the years ahead, and we urge leaders in Washington to enact innovation and competitiveness legislation that ensures more of this chip production and innovation occurs on U.S. shores.”
Monthly data is given by the SIA as a three-month average although the source of the data, World Semiconductor Trade Statistics, tracks monthly data. The SIA 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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