Global semiconductor sales show year-to-year increase in November

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The Semiconductor Industry Association (SIA) has released figures that show that the global semiconductor industry sales totalled $48billion during the month of November 2023.

This represents an increase of 5.3% compared to November 2022 and is 2.9% more than the October 2023 total of $46.6 billion.

Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organisation and represent a three-month moving average. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-US chip firms.

“Global semiconductor sales increased on a year-to-year basis in November for the first time since August 2022, an indication that the global chip market is continuing to gain strength as we enter the new year,” said John Neuffer, SIA president and CEO. “Looking ahead, the global semiconductor market is projected to experience double-digit growth in 2024.”

Regionally, year-to-year sales were up in China (7.6%), Asia Pacific/All other (7.1%), Europe (5.6%), and the Americas (3.5%), but down in Europe (-2.8%). Month-to-month sales increased in China (4.4%), the Americas (3.9%), and Asia Pacific/All Other (3.5%), but decreased in Japan (-0.7%) and Europe (-2.0%).