The global semiconductor industry continues to deliver solid results, growing at more than 20 per cent a year for 13 consecutive months, despite double-digit annual growth in non-memory products in April due in part to strong growth in the memory market.

According to the semiconductor industry association (SIA), global semiconductor sales in April 2018 totaled $37.6 billion. April sales were up 1.4 per cent from the previous month. Sales are up 20.2% from a year ago.

So far this year, the global semiconductor industry has continued to deliver impressive results, with annual growth of more than 20 percent for 13 consecutive months, according to SIA President and CEO John Neuffer. Despite strong growth in the storage market, non-memory products posted double-digit annual growth in April, and all major regional markets saw double-digit annual growth. Semiconductor growth will be substantial this year and slow next year.

In April, sales in the Americas rose 34.1 percent, China 22.1 percent, Europe 21.4 percent, Japan 14.6 percent and Asia Pacific/other regions 10.2 percent, compared with the same period last year. China grew 3.2 per cent, Japan 2.7 per cent, Europe 1.4 per cent and the Americas 0.8 per cent. In Asia/elsewhere, however, the monthly decline was 0.8 per cent.

SIA endorses the global semiconductor sales outlook published by the world semiconductor trade statistics association (WSTS). The global semiconductor market is forecast to grow 12.4 percent to $463.4 billion this year, an all-time high, the WSTS said. But growth will fall to 4.4% next year.