Global Semiconductor Sales Increase 1.7% Month-to-Month in May

WASHINGTON—July 6, 2023—The Semiconductor Industry Association (SIA) today announced global semiconductor industry sales totaled $40.7 billion during the month of May 2023, an increase of 1.7% compared to the April 2023 total of $40.0 billion but 21.1% less than the May 2022 total of $51.7 billion. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.

“Despite continuing market sluggishness compared to 2022, month-to-month global semiconductor sales inched upward in May for the third consecutive month, sparking optimism for a possible market rebound during the second half of the year,” said John Neuffer, SIA president and CEO.

Regionally, month-to-month sales increased modestly across all regions: China (3.9%), Europe (2.0%), Asia Pacific/All Other (1.3%), Japan (0.4%), and the Americas (0.1%). Year-to-year sales were up in Europe (5.9%), but down in Japan (-5.5%), the Americas (-22.6%), Asia Pacific/All Other (-23.0%), and China (-29.5%).

For comprehensive monthly semiconductor sales data and detailed WSTS forecasts, consider purchasing the WSTS Subscription Package. For detailed historical information about the global semiconductor industry and market, consider ordering the SIA Databook.