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

by Semiconductor Industry Association

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 2.1% from the December 2023 total of $48.7 billion. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.

“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 comprehensive monthly semiconductor sales data and detailed WSTS forecasts, consider purchasing the WSTS Subscription Package. For detailed historical information about the global semiconductor industry and market, consider ordering the SIA Databook.

[January 2024 chart and graph]

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Media Contact
Dan Rosso
Semiconductor Industry Association
240-305-4738
drosso@semiconductors.org 

About SIA
The Semiconductor Industry Association (SIA) is the voice of the semiconductor industry, one of America’s top export industries and a key driver of America’s economic strength, national security, and global competitiveness. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, SIA seeks to strengthen leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration, and key industry stakeholders around the world to encourage policies that fuel innovation, propel business, and drive international competition. Learn more at www.semiconductors.org.

About WSTS
World Semiconductor Trade Statistics (WSTS) is an independent non-profit organization representing the vast majority of the world semiconductor industry. The mission of WSTS is to be the respected source of semiconductor market data and forecasts. Founded in 1986, WSTS is the singular source for monthly industry shipment statistics.