Comments on: US semi sales overtake China semi sales https://www.electronicsweekly.com/news/business/july-chip-sales-up-18-7-y-o-y-2024-09/ Electronics Design & Components Tech News Wed, 04 Sep 2024 14:24:21 +0000 hourly 1 https://wordpress.org/?v=6.2.2 https://www.electronicsweekly.com/wp-content/themes/ew/images/logo.gif Electronics Weekly https://www.electronicsweekly.com/news/business/july-chip-sales-up-18-7-y-o-y-2024-09/ 125 75 Electronics Design & Components Tech News By: Mike Cowan https://www.electronicsweekly.com/news/business/july-chip-sales-up-18-7-y-o-y-2024-09/#comment-1529763 Wed, 04 Sep 2024 14:24:21 +0000 https://www.electronicsweekly.com/?p=847668#comment-1529763 Hi DAVID –
based on the reported SIA’s July 2024 global chip sales numbers, the Cowan LRA forecasting model is predicting a full year 2024 global semiconductor sales of $603.7 billion which trended upward from last month’s forecast of $602.5 billion.

This newly determined sales forecast result equates to an updated 2024 yr-o-yr sales growth prediction of 14.6%, which is very slightly up from last month’s result of 14.4%, BUT still lower than the WSTS’s released SPRING 2024 market forecast of 16.0% published at the beginning of June, 2024.

It should be highlighted that according to July 2024 sales results the cumulative year-to-date sales through July 2024 came in at $339.6B compared to last year’s corresponding July 2023 YTD sales number of $287.5B, thereby yielding a YTD cum sales growth of 18.1%. Therefore, the YTD cum sales through July 2024 drifted upward a bit from last month’s result of 17.5%

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