Worldwide sales of semiconductors totaled $124.5 billion during the second quarter of 2023 (Q2 2023), up by 4.7% over the previous quarter, but 17.3% less compared with the same period last year, according to the Semiconductor Industry Association (SIA).

Global sales for the month of June 2023 were $41.5 billion, an increase of 1.7% compared to the previous month.

Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.

“Although global semiconductor sales in 2023 remain behind the totals from last year, revenue ticked up in June for the fourth consecutive month and notched solid quarter-over-quarter increases, providing optimism the market will continue to rebound over the second half of the year,” said John Neuffer, SIA president and CEO.

Regionally, month-to-month sales increased in the Americas (4.2%), China (3.2%), Japan (0.9%), and Europe (0.1%), but fell slightly in Asia Pacific/All Other (-0.5%). Year-to-year sales were up in Europe (7.6%), but down in Japan (-3.5%), the Americas (-17.9%), Asia Pacific/All Other (-20.4%), and China (-24.4%).