April 8, 2024 /SemiMedia/ -- According to the latest report from the Semiconductor Industry Association (SIA), global semiconductor industry sales totaled $46.2 billion in February 2024, up 16.3% from the $39.7 billion total in February 2023, but down 3.1% from the $47.6 total in January 2024.

SIA: Global semiconductor sales up 16.3% year-on-year in February-SemiMedia

“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 (22.0%), 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%).

For more information on the report or to purchase, please visit https://www.semiconductors.org/data-resources/market-data/.