The global market in October 2021 was $48.79 billion, up by 24.0 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 24 percent is an exceptionally strong growth figure it has fallen from 27.6 percent in September and 29.7 percent in August after being flat at 29 percent in July and June.

In October all the regions tracked by WSTS showed strong but reduced growth compared with a year before, with China leading the pack downwards and the Americas region staying strongest.

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 October and September 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 Statisics, 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.

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