SIA: global semiconductor sales increased by 16.3% in February

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The Semiconductor Industry Association announced global semiconductor industry sales totaled $46.2 billion during the month of February 2024, an increase of 16.3% compared to the February 2023 total of $39.7 billion but a decrease of 3.1% from the January 2024 total of $47.6 billion. “Although month-to-month sales were down slightly, global semiconductor sales in February remained well ahead of the total from the same month last year, a continuation of the strong year-to-year growth the market has experienced since the middle of last year – said John Neuffer, SIA president and CEO –. Sales in February increased on a year-to-year basis by the largest percentage since May 2022, and market growth is projected to persist during the remainder of the year”. Regionally, year-to-year sales were up in China (28.8%), the Americas (22%), and Asia Pacific/All other (15.4%), but down in Europe (-3.4%) and Japan (-8.5%).