China perks up as chip market growth stays high in November

China perks up as chip market growth stays high in November

Market news |
By Peter Clarke

The Chinese market, responsible for a third of global semiconductor purchases, turned up in November, breaking with the trend across the world in recent months.

The global semiconductor market in November 2021 was $49.69 billion, up by 23.5 percent compared with a year before, based on three-month average sales compiled by World Semiconductor Trade Statistics organization and reported by the US Semiconductor Industry Association.

Although 23.5 percent is a strong growth figure it has fallen from 24.9 percent in October, 27.6 percent in September and 29.7 percent in August after being flat at 29 percent in July and June.

In November all the regions tracked by WSTS – except China – reduced growth compared with a year before, with the Americas and Europe regions staying strongest. Regionally, year-to-year sales increased in the Americas (28.7 percent), Europe (26.3 percent), Asia Pacific/All Other (22.2 percent), China (21.4 percent), and Japan (19.5 percent).

According to WSTS the chip industry is on course for global sales of $550 billion and annual growth of 25.6 percent in 2021.

Three-month average of chip sales by geographic region for November and October 2021. Source: SIA/WSTS.

Monthly data is given by the SIA as a three-month average although the source of the data, World Semiconductor Trade Statistics, tracks actual 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.

Related links and articles:

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Global chip market annual growth rate falls in October

Chip market growth rate softens in Asia

Global chip market to be worth $600 billion in 2022.

Global demand keeps chip market booming

Global chip market growth rate flattens

Global chip market’s second quarter up 29% year-on-year

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