That's according to the European Semiconductor Industry Association, reporting numbers from the World Semiconductor Trade Statisitics organization.
Three-month average of sales for August and September 2016. Source: ESIA/WSTS.
The global three-month averaged chip market in October was $30.453 billion, an increase of 5.1 percent Year-on-year sales increased 14.0 percent in China, by 7.2 percent in Japan and by 7.9 percent in the Asia-Pacific Region including China but excluding Japan.
As a result, chip sales for the first ten months of 2016 are now 1.5 percent behind the same period in 2015. If the growth continues to pick up there is the possibility that 2016 could be a growth year, although the best that can be looked for is low single-digit percentage growth for 2016 compared with 2015. Nonetheless this would exceed the predictions of recent months from almost all the market analysts and forecasters (see Global chip market to shrink for three years, says IHS and Chip market going down, says Future Horizons ).
The sales numbers are compiled by WSTS. Monthly data is given by the ESIA as a three-month average, although the WSTS organization tracks actual monthly data. The ESIA and other regional semiconductor industry bodies opt to use averaged data because it evens out the actual data that typically show troughs at the beginnings of quarters and peaks at the ends of quarters.
Related links and articles: