Electronic Products & Technology

Global semiconductor sales increase

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Worldwide sales of semiconductors totaled $137.7B in Q1

The Semiconductor Industry Association (SIA) has shared data indicating that worldwide sales of semiconductors 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. 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.

“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 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.


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