May semi sales up 18% y-o-y

May semiconductor sales were up 18% y-o-y at $51.8 billion compared to the May 2021 total of $43.9 billion and up 1.8% on April’s $50.9 billion, saysthe SIA.

“Global demand for semiconductors remained high in May, with year-to-year sales increasing strongly across all major regional markets and product categories,” says SIA CEO John Neuffer, “continuing high demand for semiconductors will necessitate more chip research, design, and manufacturing in the years ahead. We urge leaders in Washington to swiftly enact bipartisan innovation and competitiveness legislation that ensures a large share of this chip production and innovation occurs on U.S. soil. The clock is ticking.”

Sales were up compared to April 2021 in the Americas (36.9%), Japan (19.8%), Europe (16.1%), Asia Pacific/All Other (15.8%), and China (9.1%). Month-to-month sales increased in Japan (3.9%), the Americas (2.9%), China (1.7%), and Asia Pacific/All Other (1.1%), but fell slightly in Europe (-0.7%).

Comments

3 comments

David Manners
8th July 2022 at 12:57 pm

Thanks Mike, it makes a change to see you more bullish than Malcolm!

- Mike Cowan
  8th July 2022 at 1:51 pm
  
  David – a reminder ==> my monthly forecast result is dynamic in the sense that it does NOT “sit still” BUT responds to the monthly sales numbers published by the SIA/WSTS – that is, it is a real time, monthly forecast as the year plays out month by month. That. I believe, is the ‘beauty’ of the Cowan LRA Mudel coupled with a monthly based forecasting approach. Consequently, stay tuned each month for the latest yearly forecast prognostications.
  
Mike Cowan
8th July 2022 at 12:47 pm

Hi David – the Cowan LRA forecast model for global semiconductor sales predicts an overall 2022 sales revenue of $650.455 billion based upon the SIA’s latest May 2022 sales results described in your artice above. This sales forecast translates to a projected yr-o-yr sales growth estimate of 17% for 2022 relative to 2021 sales of $555.893 billion.