SAN FRANCISCO — Global semiconductor sales hit yet another all-time high in the third quarter, as the chip industry remains comfortably on track to pass the its revenue record of $412 billion set last year.

Third quarter chip sales totaled $122.7 billion, an increase of 4.1% compared to the second quarter and 13.8% compared to the the third quarter of 2017, according to the Semiconductor Industry Association (SIA).

“While year-to-year growth has tapered in recent months, September marked the global industry’s highest-ever monthly sales, and Q3 was its top-grossing quarter on record," said " John Neuffer, SIA president and CEO, in a statement.

The SIA, which reports chip sales statistics compiled by the World Semiconductor Trade Statistics (WSTS) organization, said the three-month rolling average of sales hit $40.9 billion in September, up 2% from August and up 13.8% compared to September 2017.

Year-to-year sales in September were up across every major product category and regional market, with sales into China and the Americas continuing to lead the way, according to the SIA.

September chip sales in billions of dollars