The Semiconductor Industry Association (SIA) has reported that the worldwide sales of semiconductors have grown in the month of August 2020. As per their report, the sales reached 36 billion US Dollars.
According to TheElec report, the growth marks a 4.9 percent increase year on year from back in 2019 during the same month. Furthermore, this also showcases the growth of 3.6 percent from back in July 2020. Notably, the rise arrives as the seventh consecutive month where the industry has seen growth, with the most noticeable surge being seen in America.
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In the US, sales rose by 23.6 percent year on year, reaching 7.92 billion US Dollars in the month of August. Similarly, other regions like China and the Asia Pacific also witnessed a growth of 3 percent and 2.1 percent respectively from the same month from back in 2019. However, despite the overall growth, the semiconductor sales in Europe declined by 10.1 percent, with Japan also seeing a drop of 1.4 percent as well.
Although, all other regions saw growth when compared to July 2020, with the Asia Pacific/All Others seeing a 5.6 percent growth, and Europe sales rising by 5.5 percent. China, the Americas, and Japan saw an increase of 2.9 percent, 2.6 percent, and 1.5 percent, respectively. But SIA also noted that it expected to see a negative trend from the remainder of the year, as uncertainties remain high from the coming months.
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