18 Jul 2022 -
 General

Semiconductor sales in Europe up 22% to $3.777 billion

Semiconductor sales in Europe reached $3.777 billion in May 2022, up 20.4% compared to the same period last year, according to a recent report released by the European Semiconductor Industry Association (ESIA).

The report pointed out that in May 2022, global semiconductor sales were $51.819 billion, an increase of 20% year-to-date. On a month-on-month basis, global sales rose 1.8% from April.

The main drivers of European sales in May compared to April were optoelectronics (up 3.9% month-on-month), logic chips (up 1.8%) and application-specific semiconductors (up 0.5%).

In terms of global sales of application-specific semiconductors, there has been steady growth in all end-use areas such as wireline communications, consumer and computing.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

Related News

04 Mar 2024 - Industrial

Groundbreaking USB-C Technology from Pulsiv and Astute Electronics Signals the End of Bulky Wall Chargers

Read more

04 Mar 2024 - General

DRAM market boom, set to soar in ’24

Read more

01 Mar 2024 - General

Rising shipping costs adding to core inflation

Read more

01 Mar 2024 - General

Power module market to boom, but costs under pressure

Read more

29 Feb 2024 - General

Electronics industry optimistic: bright start to 2024

Read more

26 Feb 2024 - General

India’s WTO stance raises concerns for chip industry growth

Read more