Semiconductor sales jump 24.2% in May

By Global Times

Jul 10, 2024 12:11 am

Analysts noted that the unreasonable crackdown led by the US on the country's chip sector, a violation of basic market rules, will fail in the attempt to derail China's semiconductor industry from gearing up to achieve self-dependence and inject new momentum into the global chip market.

According to the SIA, global semiconductor industry sales reached $49.1 billion in May, up 19.3 percent year on year. The Americas saw an increase of 43.6 percent year on year, and China ranked second.

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