International Electronic Business 9, according to the U.S. Semiconductor Industry Association (SIA) statistics, global semiconductor sales in February 2024 compared to February 2023 ($ 39.7 billion) increased by 16.3% year-on-year, compared to January 2024 totaled $ 47.6 billion, a decrease of 3.1% from the previous year.

According to the U.S. Semiconductor Industry Association (SIA) data released earlier this month, the global semiconductor industry sales in February totaled $ 46.2 billion, a record since May 2022, nearly 23 months of the largest annual increase in a single month.

SIA analyzed global semiconductor sales in February compared to $39.7 billion in February 2023, an increase of 16.3% year-over-year, compared to January 2024's total of $47.6 billion, a decrease of 3.1% sequentially. 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 companies.

SIA President and CEO John Neuffer noted that while the global semiconductor industry saw a slight monthly decrease in sales in February 2024, global semiconductor sales in February were still well ahead of the same month last year, continuing the market's trend of strong year-over-year growth since the middle of last year.February's year-over-year increase in sales was the largest percentage increase since May 2022, and the market is expected to continue to grow.

Regionally, SIA analyzes that compared to the same month last year, annual sales increased in Mainland China (28.8%), the Americas (22.0%) and Asia/Pacific/All Other (15.4%), but declined year-over-year in Europe (-3.4%) and Japan (-8.5%). Compared to January, monthly sales declined in all markets: Asia/Pacific/All Other Regions (-1.3%), Europe (-2.3%), Japan (-2.5%), the Americas (-3.9%), and mainland China (-4.3%).

In 2023, the global semiconductor industry experienced a full year-long downturn, with high inventories, low demand, reduced investment, and declining capacity, which has been rotating through various sub-industries. Fortunately, 2023 Q4 began to seem to see the dawn of a new boom cycle. In the face of 2024, a number of analysts around the world have invariably given year-on-year increases in expectations, with the most optimistic being growth of more than 20%, and average growth rate forecasts in excess of double-digit percentages.

But have to admit, in the purchasing power of poor demand, inflation and a series of factors, the global semiconductor industry in the short and medium term is not yet able to rebound quickly. 2024 will probably show “the overall steady recovery, sub-industry structural differentiation and adjustment” trend.