Global semiconductor sales up 16.3% yoy in February

The global semiconductor industry sales totaled $46.2 billion during the month of February 2024, an increase of 16.3% compared to the February 2023 total of $39.7 billion, but a decrease of 3.1% from the January 2024 total of $47.6 billion, according to the Semiconductor Industry Association (SIA).

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

“Although month-to-month sales were down slightly, global semiconductor sales in February remained well ahead of the total from the same month last year, a continuation of the strong year-to-year growth the market has experienced since the middle of last year,” said John Neuffer, SIA president and CEO. “Sales in February increased on a year-to-year basis by the largest percentage since May 2022, and market growth is projected to persist during the remainder of the year.”

Regionally, year-to-year sales were up in China (28.8%), the Americas (22%), and Asia Pacific/All other (15.4%), but down in Europe (-3.4%) and Japan (-8.5%). Month-to-month sales were down across all markets: Asia Pacific/All Other (-1.3%), Europe (-2.3%), Japan (-2.5%), the Americas (-3.9%), and China (-4.3%). EE Tasia