Chip market growth slows but Europe stays strong
The slow down in annual growth, compared with July, was reflected in all regions tracked by WSTS except Asia-Pacific.
The three-month average of global chip sales for August was $28.435 billion, up 9.4 percent over the equivalent figure in August 2013. The year-on-year growth was a slight dip from 9.9 percent recorded the previous month and 10.1 percent recorded the month before. As global chip market growth slows there is the prospect that the annual growth for 2014 could be trending below 10 percent.
The strongest region was Asia-Pacific which showed increased annual growth at 12.3 percent overtaking Europe which saw growth dip to 10.9 percent. The Americas region grew by 7 percent while Japan’s market contracted by 1.7 percent. The Chinese market, which is responsible for about one quarter of all the world’s chips sales, was up 6.2 percent on an annual basis at $7.866 billion.
Three-month average chip sales in July, August 2014. Source: ESIA/WSTS
Looking at three-month average growth rates by product category, the logic market showed a relatively strong increase compared to other categories, continuing the upward trend started at the beginning of 2014, ESIA said. Revenues in the microprocessor category grew strongly over July. In the memory market, the total flash and NAND memory showed a positive performance compared to July.
Semiconductor devices designed to be used in specific applications registered a 0.7 percent growth compared to July, led by strong demand in the computer and IC cards areas.
On a year-to-date basis, semiconductor sales increased by 10.1 percent versus the same period in 2013, down from the 10.4 percent YTD growth reported in July.
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.
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News articles:
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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