The semiconductor industry received a boost as global chip sales showed a significant increase in November 2023, marking the first year-over-year growth in more than a year. According to the Semiconductor Industry Association (SIA), chip sales for the month reached $48 billion, reflecting a 5.3% rise compared to the previous year and a 2.9% increase from the previous month.
The SIA noted that this growth is a positive sign for the global chip market, suggesting that it is gaining strength as we head into the new year. John Neuffer, the president and CEO of the SIA, expressed optimism about the future, stating that the global semiconductor market is projected to experience double-digit growth in 2024.
Different regions experienced varying levels of growth. China saw a 7.6% increase in chip sales year-over-year, while Asia Pacific and other regions reported a 7.1% rise. Europe also showed growth with a 5.6% increase. However, Japan experienced a decline in chip sales, and Europe was the only region to witness contraction, falling by 2.8% year-over-year.
On a monthly basis, China, the Americas, and Asia Pacific registered sales growth, while Japan and Europe experienced a decline. These variations suggest that the semiconductor market’s performance is influenced by regional factors and market dynamics.
The positive growth in global chip sales bodes well for semiconductor companies worldwide, including industry leaders such as Intel, Nvidia, Taiwan Semiconductor, and AMD. These companies can now anticipate a more optimistic outlook, as the market shows signs of recovery and potential for strong growth in the coming years.
In conclusion, the recent growth in global chip sales is an encouraging development for the semiconductor industry. While regional variations exist, the overall upward trend in chip sales indicates a promising outlook for the market in the future.
The source of the article is from the blog qhubo.com.ni