Chip market growth continues to slow in September
Nonetheless global growth was 8.0 percent compared with the same month a year before, down from 9.5 percent in August, and Europe performed in line with this in dollar terms turning in 7.9 percent growth, down from 10.7 percent in August.
The three-month average of global chip sales for September was $28.998 billion, up by 8.0 percent on the equivalent figure in September 2013. The growth in year-to-date sales for 2014 also dipped below 10 percent and seems likely that sales growth for the full year will now be below 10 percent.
Three-month average chip sales in August, September 2014. Source: ESIA/WSTS
The one region to show an increase in growth rate was the Asia-Pacific region although this accounts for nearly 60 percent of global chip sales. China, which accounts for about half of Asia-Pacific, saw its annual growth rate fall to 3.9 percent. The Americas region also saw a steep drop in the growth rate from 7.9 percent to 3.7 percent and Japan, which managed to grow its market in August for the first time in many months, fell back into market contraction in September with negative growth of -3.7 percent.
Monthly data is given by the ESIA as a three-month average, 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 show troughs at the beginnings of quarters and peaks at the ends of quarters.
The steady European growth was confirmed by third quarter results for which European semiconductor sales reached US$9.660 billion, an increase of 0.9 percent from the previous quarter and an increase of 7.9 percent versus the same quarter a year ago. On a year-to-date basis, European semiconductor sales increased by 9.5 percent versus the same period in the year 2013.
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Chip market growth slows but Europe stays strong
Europe leads world in July’s chip market growth
Global chip market growth accelerated in June
Chip market growth moderated in May
Chip market sustains double-digit percentage growth in April
European, analog chip markets on the up, says WSTS
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