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

Global semiconductor sales rose 24% on the year in October to $48.8B, a 1.1% increase on the prior month, according to new data from the Semiconductor Industry Association. “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. “Annual chip sales and units shipped are projected to reach all-time highs in 2021, with moderate annual growth expected in 2022.” 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%. 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

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