May 9, 2024 /SemiMedia/ -- According to the latest report from the Semiconductor Industry Association (SIA), global semiconductor sales totaled $137.7 billion during the first quarter of 2024, an increase of 15.2% compared to the first quarter of 2023 but 5.7% less than the fourth quarter of 2023. Sales for the month of March 2024 decreased 0.6% compared to February 2024.
“First-quarter global semiconductor sales were significantly higher than the total from the first quarter of last year, but sales slipped somewhat on a month-to-month and quarter-to-quarter basis, reflecting normal seasonal trends,” said John Neuffer, SIA president and CEO. “The market is expected to continue to grow during the remainder of the year, with double-digit annual growth projected for 2024.”
Regionally, year-to-year sales in March increased in China (27.4%), the Americas (26.3%), and Asia Pacific/All Other (11.1%), but decreased in Europe (-6.8%) and Japan (-9.3%). Month-to-month sales held even in China, but ticked down in the America (-0.1%), Europe (-0.9%), Asia Pacific/All Other (-1.2%), and Japan (-2.0%).
For more information on the report, please visit https://www.semiconductors.org/data-resources/market-data/.
