March 5, 2024 /SemiMedia/ -- According to the latest report from the Semiconductor Industry Association (SIA), global semiconductor industry sales totaled $47.6 billion during the month of January 2024, an increase of 15.2% compared to the January 2023 total of $41.3 billion but a decrease of 2.1% from the December 2023 total of $48.7 billion. 

SIA: Global Semiconductor Sales Increase 15.2% Year-to-Year in January-SemiMedia

“The global semiconductor market started the new year strong, with worldwide sales increasing year-to-year by the largest percentage since May 2022,” said John Neuffer, SIA president and CEO. “Market growth is projected to continue over the remainder of the year, with annual sales forecast to increase by double-digits in 2024 compared to 2023.”

Regionally, year-to-year sales were up in China (26.6%), the Americas (20.3%), and Asia Pacific/All other (12.8%), but down in Japan (-6.4%) and Europe (-1.4%). Month-to-month sales were down across all markets: Asia Pacific/All Other (-1.4%), the Americas (-1.5%), China (-2.5%), Europe (-2.8%), and Japan (-3.9%).

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