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Global semiconductor sales: Did China’s chip growth catch up to the average?

Recently, the US semiconductor Industry Association (SIA) released a data saying that in May 2021, the global semiconductor industry sales were 43.6 billion US dollars, an increase of 26.2% from the 34.6 billion US dollars in May 2020, compared with April 2020. 41.9 billion US dollars, an increase of 4.1% month-on-month.

In terms of growth in some regions, SIA also gave detailed data, with an increase of 31.2% in Europe, an increase of 30.9% in Asia Pacific/all other regions, an increase of 26.1% in China, and an increase in the Americas (20.2%). 9%), Japan increased (20.4%).

Global semiconductor sales: Did China’s chip growth catch up to the average?

As soon as this data came out, many netizens said, what’s wrong? This time China’s chip growth has not caught up with the global average growth level? After all, the global growth rate is 26.2%, while China’s growth rate is only 26.1%. what’s going on?

So what is going on? In fact, this refers to the global chip sales amount, that is, the market size. It refers to the global sales of $43.6 billion in chips in May, a year-on-year increase of 26.1%, of which China Regional year-on-year sales increased only 26.1%.

Global semiconductor sales: Did China’s chip growth catch up to the average?

So strictly speaking, China’s failure to catch up with the global average is not a bad thing. It can only be said that the amount of chips purchased by the Chinese market in May is not high compared to other countries and regions, that’s all.

As for why the market demand in May was not large enough, there are many reasons. For example, there were still a lot of chip stocks in the past, so these manufacturers did not purchase recklessly in May, or because of lack of chips, the Chinese market could not purchase them, and so on.

In fact, according to the data from the National Bureau of Statistics, in May 2021, the production volume of integrated circuits in China was 29.87 billion pieces, a year-on-year increase of 37.6%, while a total of 139.92 billion pieces of integrated circuits were produced from January to May. A year-on-year increase of 48.3%.

Global semiconductor sales: Did China’s chip growth catch up to the average?

Obviously, China’s chip production capacity has been rising sharply this year. This growth rate is much higher than the growth of global semiconductor sales, which shows that the growth rate of China’s chip production capacity is far higher than the global average.

Even, on the other hand, global chip sales are growing at a high speed, while the growth of the Chinese market is relatively slow, and the domestic production capacity is large, which may mean that we do not need to import so many chips this year, and we can save a lot of money. Still a good thing.

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