5.5% Growth in Global Semiconductor Sales for November 2023

11-01-2024 | By Jack Pollard

The Semiconductor Industry Association (SIA) has recently divulged a striking rise in global semiconductor industry sales, which totalled $48.0 billion in November 2023. This represents a noteworthy 5.3% increase compared to the £45.6 billion recorded in November 2022 and a 2.9% upturn from October 2023's figure of £46.6 billion. Compiled by the World Semiconductor Trade Statistics (WSTS) organisation, these monthly sales are indicative of a three-month moving average. Importantly, SIA embodies 99% of the American semiconductor industry by revenue and nearly two-thirds of non-U.S. chip companies.

Renewed Momentum in the Global Chip Market

John Neuffer, the President and CEO of SIA, shed light on this encouraging trend, remarking, "For the first time since August 2022, global semiconductor sales have seen a year-on-year increase in November, signalling a continuation of the global chip market's growing strength as we embark on the new year." He anticipates that the global semiconductor market will enjoy double-digit growth throughout 2024.

Regional Sales Performance Analysis

The year-to-year sales demonstrated positive movement in various regions: China experienced a 7.6% boost, Asia Pacific/All other regions saw a 7.1% increase, Europe and the Americas grew by 5.6% and 3.5%, respectively. However, Europe also faced a 2.8% reduction. In terms of month-to-month sales, China witnessed a 4.4% rise, the Americas 3.9%, and Asia Pacific/All Other 3.5%, whilst Japan and Europe observed decreases of 0.7% and 2.0%, respectively. Full details are shown in this table:

Access Comprehensive Semiconductor Industry Insights

For comprehensive insights into monthly semiconductor sales data and detailed WSTS forecasts, the WSTS Subscription Package is an invaluable resource. Furthermore, the SIA Databook offers an extensive archive of historical data on the global semiconductor industry and market trends.

Please visit https://www.semiconductors.org/ for more information.

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By Jack Pollard

Jack has spent over a decade in media within the electronics industry and is extremely passionate about working with companies to create interesting and educational content, from podcasts and video to written articles for engineers and buyers.