全球半导体_ 2025 年 9 月 SIA 数据_ 第三季度半导体总营收环比增长 16%，创 2009 年第三季度以来最大环比增幅-Global Semiconductors_ Sep‘25 SIA_ 3Q25 total semis +16% QoQ, greatest QoQ% increase since 3Q09

Summary of Semiconductor Industry Conference Call Industry Overview - The global semiconductor industry experienced a significant growth in 3Q25, with total semiconductors increasing by +16% QoQ, marking the highest QoQ growth since 3Q09 [2] - September 2025 saw total semiconductor sales rise by +28% YoY, continuing a streak of 22 consecutive months of positive double-digit growth since November 2023 [1] - Core semiconductors (excluding memory) sales increased by +26% YoY, driven primarily by Logic (+43% YoY) and Std Cells, PLDs (+30% YoY) [1] Key Metrics - In September 2025, total semiconductor sales were up +14% MoM, while core semiconductors increased by +11% MoM [1] - DRAM prices rose by +11% MoM and +47% YoY, with DRAM sales up +22% MoM, indicating strong demand for High Bandwidth Memory (HBM) [1] - Year-to-date (YTD) sales in September 2025 were up +20% compared to September 2024, with core semiconductors up +25% YTD [1] Geographic Performance - The Asia-Pacific region showed the strongest growth, with a +48% QoQ increase in 3Q25, while Japan experienced a decline of -10% QoQ [2] Revenue Trends - On a three-month moving average (3mma) basis, total semiconductor sales were up +25.1% YoY, with core semiconductors up +28.2% YoY [22] - Memory segment sales increased by +10.7% MoM, with DRAM leading at +13.6% MoM [30] - Logic segment sales grew by +5.8% YoY, while Discretes were the weakest, showing a decline of -3.0% YoY [7] Pricing Trends - Average Selling Prices (ASPs) for DRAM increased by +7.1% MoM, while Std Cells, PLDs saw a decline of -4.1% MoM [30] - Overall, ASPs for total semiconductors rose by +5% MoM, indicating a positive pricing environment [3] Unit Trends - Total semiconductor unit sales increased by +11.8% YoY on a 3mma basis, with Std Cells, PLDs showing the strongest unit growth at +9.0% MoM [29][24] - Logic units saw the weakest growth at +1.2% MoM [23] Conclusion - The semiconductor industry is experiencing robust growth driven by strong demand across various segments, particularly in Logic and DRAM. The positive trends in sales, pricing, and unit growth suggest a favorable outlook for the industry moving forward. However, geographic disparities, particularly in Japan, may pose challenges.