The association, which represents US leadership in semiconductor manufacturing, design and research, attributes the slight dip to a softening of demand in recent months and the currency devaluation and regular market cyclicality, shared John Neuffler, president and chief executive officer, SIA.

“Despite recent market sluggishness, the global industry has posted higher cumulative sales through August this year than it did through the same point last year, which was a record year for semiconductor revenues,” he said.

By region, China saw a 4.4 percent increase in year-to-year sales, while others saw a decrease of varying percentages— the Americas (3.5 percent); Europe (12.4 percent); Japan (13.0 percent) and Asia Pacific/All Other (2.3 percent).

According to SIA, the sharp declines in sales for Europe and Japan were due in part to the currency devaluation relative to the US dollar.