According to the Semiconductor Industry Association (SIA), global semiconductor sales saw a robust recovery, with a 20.6 per cent year-on-year increase in August, reaching $53.1 billion.

This significant increase is a positive development for the semiconductor industry, which continues to face challenges due to supply chain disruptions and geopolitical tensions, particularly between the US and China.

Export controls on advanced semiconductor technologies remain a contentious issue, with global leaders increasingly viewing the sector as crucial to national security and economic competition.

The Americas led this growth, with sales rising by 43.9 per cent to $15.4 billion, potentially marking the highest August on record. This growth is driven by increased demand in AI, cloud computing, and automotive sectors.

In the Asia-Pacific region, sales grew by 17.1 per cent year-on-year to $10.95 billion.

 China saw a 19.2 per cent increase to $13 billion, while Japan experienced a modest growth of two per cent to $4 billion.

However, Europe was an outlier, recording a nine per cent decline to $4.7 billion, with no specific reason for this drop.

On a global scale, all continents reported positive month-on-month sales figures in August for the first time since October 2023, indicating a recovery trajectory for the semiconductor industry.