Asia-Pacific annual chip market growth joins Americas’ above 40%
The global chip market continued to boom in February with chip sales into the Asia-Pacific region up 41.4 percent higher than a year before on a three-month average basis, according to the US-based Semiconductor Industry Association.
Asia-Pacific joined the Americas region at above 40 percent annual growth, helping to pull the global chip market growth higher to 32.4 percent year-on-year.
Asia-Pacific’s growth was up from 21 percent growth the month before. Given the tempering characteristic of moving averages this suggests a phenomenal change in the most recent data added. The latest market movements also give rise to the unusual circumstance of the China being on a par with Japan as the slowest growing regions albeit with a respectable 21 percent annual growth.
Europe’s chip market continues to grow strongly with 29.3 percent annual growth, according to the three-month average sales compiled by the World Semiconductor Trade Statistics organization and reported by the SIA.
As a result, the global semiconductor market in February 2022 was valued at US$52.48 billion up 32.4 percent on a year before.
Three-month average of chip sales by geographic region for February and January 2022. Source: SIA/WSTS.
“Global semiconductor sales remained strong in February, increasing by more than 20 percent for the eleventh consecutive month on a year-to-year basis,” said John Neuffer, SIA CEO, in a statement. “Sales into the Americas continued to outpace other regional markets, increasing by 43.2% year-to-year in February.”
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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