According to the SIA association's report, the revenue from semiconductor components in the global market grew by 18.3% year-over-year to $149.9 billion in the second quarter, with sequential growth limited to 6.5%. In June, the Americas showed significant gains, but they still couldn't surpass China in total revenue.

The June SIA statistics, covering reports from 99% of American semiconductor suppliers and almost two-thirds of those from other countries, show an 18.3% year-over-year increase in global chip revenue to $50 billion and a sequential increase of 1.7%.

The Americas led the growth in June, with semiconductor revenue rising 42.8% year-over-year to $14.8 billion. This growth can likely be attributed to the high demand for components for artificial intelligence systems, which are actively developed by American companies.

China remains the largest region for semiconductor component sales in monetary terms. In June, it increased its revenue by 21.6% year-over-year to $15.1 billion. The Asia-Pacific region and other countries not including Europe and Japan ranked third in revenue growth rates in June. Revenue in Europe and Japan decreased by 11.2% and 5%, respectively.

Overall, SIA representatives note that the second quarter was the first three-month period since the fourth quarter of last year in which global semiconductor revenue increased sequentially. This suggests a partial recovery in chip demand.