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Blog: 03/18/24

AI, Auto, Industrial Markets Spurred Rebound in Chip Demand During Second Half of 2023

by Robert Casanova, Director, Industry Statistics and Economic Policy

Semiconductors are the key enabling technology that helps promote innovation in a broad range of products across virtually all segments of our economy. After reaching a record total of $574.1 billion in chip sales in 2022, the chip industry experienced an 8.2% decline in global revenue to $526.9 billion in 2023 due to normal market […]

Market Data
Press Release: 03/07/24

President Biden Highlights Importance of Strong U.S. Semiconductor Supply Chains During State of the Union Address

WASHINGTON—March 7, 2024—The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer regarding President Biden’s State of the Union address. “During tonight’s State of the Union address, President Biden highlighted the initial progress made in implementing the landmark CHIPS and Science Act, which is on track to greatly […]

Domestic ManufacturingResearch
Press Release: 03/04/24

Global Semiconductor Sales Increase 15.2% Year-to-Year in January

Year-to-year market growth in January is largest since May 2022; worldwide chip sales decrease 2.1% month-to-month WASHINGTON—March 4, 2024—The Semiconductor Industry Association (SIA) today announced 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 […]

Market Data
Press Release: 03/04/24

SIA Statement on WTO’s Renewal of Moratorium on Customs Duties on Electronic Transmissions

WASHINGTON—March 4, 2024— The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer in response to the decision by the World Trade Organization (WTO) to renew the Moratorium on Customs Duties on Electronic Transmissions during the 13th Ministerial Conference (MC13) in Abu Dhabi. “In terms of high drama, […]

Trade
Press Release: 02/19/24

SIA Commends CHIPS Act Incentives for GlobalFoundries Projects

WASHINGTON—Feb. 19, 2024—The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer in response to the semiconductor manufacturing incentives announced by the U.S. Department of Commerce and GlobalFoundries. The incentives, which are part of the CHIPS and Science Act, will support three GlobalFoundries manufacturing projects in New York […]

Domestic ManufacturingResearch
Press Release: 02/14/24

New Report Suggests India Can Expand Role in Global Semiconductor Value Chains with the Right Policies

WASHINGTON AND NEW DELHI—Feb. 14, 2024—The Semiconductor Industry Association (SIA) and the India Electronics and Semiconductor Association (IESA) today welcomed the release of a report evaluating India’s existing semiconductor ecosystem and policy frameworks and offering recommendations to facilitate longer-term strategic development of complementary semiconductor ecosystems in the U.S. and India. The report, titled “Assessing India’s […]

Trade
Press Release: 02/09/24

SIA Applauds Launch of Over $5 Billion in CHIPS R&D Investments, Workforce Initiatives

Administration announces launch of National Semiconductor Technology Center as well as funding for chip workforce, other programs WASHINGTON—Feb. 9, 2024—The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer commending the administration’s launch of over $5 billion in semiconductor R&D investments through the National Semiconductor Technology Center (NSTC), as […]

ResearchWorkforce & Immigration
Press Release: 02/05/24

Global Semiconductor Sales Decrease 8.2% in 2023; Market Rebounds Late in Year

Worldwide industry sales totaled $526.8 billion in 2023; market grew during second half of year and sales are projected to increase by 13.1% in 2024 WASHINGTON—Feb. 5, 2024—The Semiconductor Industry Association (SIA) today announced global semiconductor industry sales totaled $526.8 billion in 2023, a decrease of 8.2% compared to the 2022 total of $574.1 billion, […]

Market Data
Press Release: 01/31/24

SIA Applauds House Passage of Tax Relief for American Families and Workers Act

WASHINGTON—Jan. 31, 2024—The Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer commending House passage tonight of the Tax Relief for American Families and Workers Act. The legislation includes two provisions critical to the semiconductor industry: the restoration of immediate domestic R&D expensing and the United States-Taiwan Expedited Double-Tax […]

ResearchTax
Press Release: 01/23/24

SIA Statement on the Tax Relief for American Families and Workers Act

WASHINGTON—Jan. 23, 2024—The Semiconductor Industry Association (SIA) today released the following statement from vice president of government affairs David Isaacs in response to the introduction in Congress of the Tax Relief for American Families and Workers Act. The legislation includes two provisions critical to the semiconductor industry: the restoration of domestic R&D expensing and the […]

Tax
Press Release: 01/16/24

SIA Commends Appointment of Deirdre Hanford as CEO of NSTC Operator Natcast

WASHINGTON—Jan. 16, 2024—The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer applauding the appointment of industry veteran Deirdre Hanford as CEO of the National Center for the Advancement of Semiconductor Technology (Natcast), the operator of the National Semiconductor Technology Center (NSTC) consortium. The NSTC is a critically important […]

Research
Press Release: 01/09/24

Global Semiconductor Sales Increase 5.3% Year-to-Year in November

November marks first month of year-to-year market growth in over a year; worldwide chip sales increase 2.9% month-to-month WASHINGTON—Jan. 9, 2024—The Semiconductor Industry Association (SIA) today announced global semiconductor industry sales totaled $48.0 billion during the month of November 2023, an increase of 5.3% compared to the November 2022 total of $45.6 billion and 2.9% […]

Market Data