caLogo

WASHINGTON – Global semiconductor industry sales were $40 billion during in April, an increase of 0.3% compared to the previous month's total of $39.8 billion and 21.6% less than the April 2022 total of $50.9 billion, according to the Semiconductor Industry Association.

Additionally, a newly released World Semiconductor Trade Statistics industry forecast projects annual global sales will decrease 10.3% in 2023 and then rebound with growth of 11.9% in 2024.

"The global semiconductor market remains in a cyclical downturn, exacerbated by sluggish macroeconomic conditions, but month-to-month sales ticked up for the second consecutive month in April, perhaps foreshadowing a continued rebound in the months ahead," said John Neuffer, SIA president and CEO. "The latest industry forecast projects a double-digit dip in global chip sales for 2023, followed by a strong rebound in 2024."

Regionally, month-to-month sales in April increased in China (2.9%) and Japan (0.9%), but decreased in Europe (-0.6%), the Americas (-1%), and Asia Pacific/All Other (-1.1%). Year-to-year sales in April were up in Europe (2.3%), but down in Japan (-2.3%), the Americas (-20.5%), Asia Pacific/All Other (-23.9%), and China (-31.4%).

Additionally, SIA endorsed the WSTS Spring 2023 global semiconductor sales forecast, which projects annual global sales will be $515.1 billion in 2023, down from the 2022 sales total of $574.1 billion. In 2024, global sales are projected to reach $576 billion, which would be the industry’s highest-ever total. WSTS tabulates its semi-annual industry forecast by gathering input from an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account