Europe’s semiconductor market hit a record high in the second quarter of the year. The quarter ended at €2.13bn, which was 10.5% higher than the last record quarter, Q1 in 2016, according to DMASS, Germany-based the distributor and manufacturer association. However, the UK chip market was still off the pace. UK growth was just 3.3% in Q2 which ended at €151m.
The biggest growth came in the markets of Eastern Europe and countries like Israel, Russia and Turkey. Close behind them were Spain and some selected countries in the Nordic region. Europe’s biggest market, Germany grew below average, while the UK, France and Italy remained in the low single-digits. Germany grew by 7.2% to €650m, Italy by 2.2% to €205m and France (+3.8% to €152m) overtook the UK (+3.3% to €151m). Nordic grew by 8.6% to €178m.
Product-wise, last quarter was clearly showing a general uptick in distribution friendly products like memories, analogue ICs, microcontrollers, followed by power devices.