Data from semiconductor industry-related organizations show that in June, global semiconductor sales revenue increased 13.3% year-on-year, but the growth rate was lower than the 18% in May.

The industry organization that released the above data is the Semiconductor Industry Association, which represents 99 percent of the U.S. semiconductor industry’s revenue and two-thirds of the number of companies. The global chip sales data released by this organization are derived from the World Semiconductor Trade Statistics organization.

In the past few decades, the three-month moving average of global semiconductor sales revenue, and the performance of the global economy show a positive correlation. Recently, concerns about a global recession have prompted semiconductor manufacturers such as Samsung Electronics to consider scaling back their investment plans.

In today’s world, where production and life are increasingly dependent on digital products and services, semiconductors have become a fairly important component. For example, during the new crown epidemic, office workers work from home, children in the home Internet classes, these are pulling the demand for semiconductor products.

However, in recent times, the global economy has faced increasing uncertainties, such as many central banks raising interest rates to ward off inflation; in Europe, the situation between Russia and Ukraine has become increasingly tense; and China has been affected by the epidemic. Affected by the macro economy, semiconductor sales have also begun to cool down.

A monitoring indicator shows that the outlook for the world economy is deteriorating rapidly this year, a phenomenon that corresponds to the slowdown in semiconductor sales growth.

South Korea is the world’s largest producer of memory chips, the country’s export data also indicates the slowdown in the global semiconductor market. In June, South Korea’s chip exports grew at a year-on-year rate of 2.1 percent, significantly lower than the 10.7 percent growth rate in June, which was also the fourth consecutive month of declining growth. In addition, South Korea’s semiconductor inventory growth rate in June, is also the highest in six years.

China Taiwan plays an important role in the global semiconductor industry chain, the region’s data also disclosed some clues. The latest data show that semiconductor production activity in Taiwan, China, contracted in June and July of this year, and that its semiconductor exports saw an unprecedented decline as demand slumped.

In the U.S., gross domestic product (GDP) has fallen for two consecutive quarters (meeting the conventional definition of “recession”), but the U.S. Bureau of Economic Research is reluctant to declare it as “entering a recession. In Europe, production activity in factories fell in June, casting a shadow over the outlook for the European and global economies.

However, the International Monetary Fund believes that the global economy will still grow this year, and semiconductor sales growth began to slow down does not necessarily mean that there will be a global recession.

But the semiconductor plays a leaf to know the effect of the autumn. People can understand the health of the global economy from semiconductor sales. You know, from cars to smartphones, to computers, today countless products can not be produced without the chip components.

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