World semiconductor sales sank yearly for the fifth consecutive month in May; however, elevated modestly on a sequential basis because the chip business downturn continued amid an ongoing trade battle between the Washington and Beijing
Chip sales dropped to $33.1 billion in May, down 14.6% from the May 2018 total of $38.7 billion, in accordance with the World Semiconductor Trade Statistics (WSTS), a group of 45 major semiconductor business member companies who pool sales information. Sales did enhance by 1.9% in comparison with April’s total of $32.5 billion.
“World semiconductor sales fell effectively short of 201’s month-to-month total in May, marking the fifth straight month of negative sales progress on a year-to-year foundation,” mentioned John Neuffer, president and CEO of the Semiconductor Industry Affiliation, in a press assertion. “On a month-to-month foundation, global sales elevated reasonably, and sales into the Americas increased for the first time in seven months, though yearly gross sales into the Americas were down considerably.”
Sales slumped on an annual basis throughout all regions of the world, based on WSTS. On a month-to-month basis, sales rose in China, the US, and Japan; however, dropped in all different regions.
The semiconductor business is widely anticipated to contract in 2019 after three straight years of market enlargement as the memory boom that pushed a lot of the growth lately has turned to bust and the world’s two largest economies keep imposing tariffs on one another’s imports. The WSTS is currently forecasting that world semiconductor sales will reduce by 12.1% to about $412 billion in 2019.