October semiconductor sales of $46.6 billion were up 3.9% on the $44.9 billion of September but 0.7% less than the October 2022 total of $46.9 billion, says the SIA.
A WSTS industry forecast projects 2023 sales will decrease 9.4% y-o-y in 2023 but increase 13.1% in 2024.
The forecast puts 2023 sales at $520 billion in 2023, down from the 2022 sales total of $574.1 billion.
In 2024, sales are projected to reach $588.4 billion.
“The global semiconductor market grew on a month-to-month basis for the eighth consecutive time in October, demonstrating clear, positive momentum for chip demand as 2023 winds down,” says SIA CEO John Neuffer, “moving forward, we forecast year-end sales for 2023 will be down compared to 2022, but the global semiconductor market is projected to rebound strongly next year with double-digit growth projected for 2024.”
Regionally, month-to-month sales increased in China (6.1%), Asia Pacific/All Other (4.9%), the Americas (2.9%), Japan (0.6%) and Europe (0.2%). Year-to-year sales were up in Europe (6.6%) and Asia Pacific/All other (0.4%), but down in the Americas (-1.6%), China (-2.5%), and Japan (-3.1%).
Stay up to date with the latest in industry offers by subscribing us. Our newsletter is your key to receiving expert tips.
The US has initiated a Section 301 investigation into China's mature semiconductor processes and third-generation silicon carbide (SiC) semiconductors. Supply chain operators state that the increa
In 2025, we expect 9.5% growth in the global semiconductor market, driven by robust demand for data centre services, including AI. However, growth in other, more mature segments is expected to be stag
Taiwanese chip manufacturer TSMC has announced a $100 billion investment in the United States, aiming to build five additional semiconductor facilities.The plan was revealed by TSMC CEO C.C. Wei along