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Global semiconductor sales increased year-on-year

Global semiconductor sales in February increased by 16.3% year-on-year from $39.7 billion in February 2023, and decreased by 3.1% compared to the total of $47.6 billion in January 2024. The monthly sales revenue is compiled by the World Semiconductor Trade Statistics (WSTS) organization and represents the three-month moving average. Based on revenue, SIA accounts for 99% of the US semiconductor industry and nearly two-thirds of non US chip companies.

SIA President and CEO John Neuffer pointed out that although global semiconductor industry sales slightly decreased in February 2024, global semiconductor sales in February still far ahead of the same period last year, continuing the strong annual growth trend of the market since the middle of last year. The annual growth rate of sales in February is the largest percentage since May 2022, and it is expected that the market will continue to grow this year.

From the regional perspective, SIA analysis shows that compared with the same period last year, the annual sales of Chinese Mainland (28.8%), the Americas (22.0%) and Asia Pacific/all other regions (15.4%) increased in February this year, but the sales of Europe (-3.4%) and Japan (-8.5%) decreased year on year. Compared with January, monthly sales in all markets declined: Asia Pacific/All Other Regions (-1.3%), Europe (-2.3%), Japan (-2.5%), the Americas (-3.9%) and Chinese Mainland (-4.3%).

In 2023, the global semiconductor industry experienced a year-long downturn, with high inventory, low demand, reduced investment, and reduced production capacity, constantly rotating in various sub industries. Fortunately, the fourth quarter of 2023 seems to see the dawn of a new business cycle. In the face of 2024, without exception, multiple analytical institutions around the world have given year-on-year growth expectations, with the most optimistic being growth exceeding 20% and average growth rate predictions exceeding double-digit percentages.

However, it must be acknowledged that under the influence of a series of factors such as poor purchasing power demand and inflation, the global semiconductor industry is unable to rebound quickly in the short to medium term. In 2024, there is likely to be a trend of steady overall recovery and structural adjustment of secondary industries.

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