Rising Semiconductor Sales Signal Boost for Helium Demand

The Semiconductor Industry Association (SIA) reported a significant 15.8% y/y increase in global semiconductor sales to US$46.4bn in Apr'24, with further growth anticipated. This in turn suggests a corresponding rise in helium demand due to its critical role in the manufacturing process. Globally, sales have increased across the world but mainly in America and China at 32% and 23% y/y respectively. We have already seen a boost in incentives for companies to encourage semiconductor manufacturing in the US with TSMC, Intel, and Samsung. China is also increasing its helium imports.

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