Global semiconductor sales increased 24% in October; annual sales to exceed $600B in 2022

• Global semiconductor sales rose 24% Y/Y in October to $48.8B, a 1.1% M/M increase, according to new data from the Semiconductor Industry Association.
• SIA represents 98% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.
• “Global semiconductor demand remained high in October, with year-to-year sales increasing substantially across all major regional markets,” said John Neuffer, SIA president and CEO.
• Regionally, Y/Y sales increased across all markets: Europe +27.3%, China +21.1%, the Americas +29.2%, Asia Pacific/All Other +29.2%, and Japan +29.2%.
• On M/M sales growth: Americas 2.6%, China 0.3%, Japan 1.1%, the Asia-Pacific/All Other 0.2%, and Europe 2.8%.
• The worldwide semiconductor market is expected to increase 25.6% in 2021, continuing to grow by 8.8% in 2022.
• In October, United Microelectronics (NYSE:UMC) registered 2.17%, growth, while its peer reported negative growth.
• Related stocks YTD returns: NXP Semiconductor (NASDAQ:NXPI) +44.04%, On Semiconductor (NASDAQ:ON) +95.7%, Intel (NASDAQ:INTC) +1.42%, and, TSMC (NYSE:TSM) +10.7%.
• ETFs: SMH, SOXL, SOXX, XSD, USD, SOXS, PSI, FTXL, SSG.
• Related: Semiconductors could keep rolling, but memory stocks may win 2022; Nvidia, Qualcomm, AMD and other semiconductors decline sharply.