The Strategist

Global chip sales up 15.8% year-on-year in April

06/10/2024 - 03:26

Global chip sales reached $46.4 billion in April, up 15.8% year over year, according to a Semiconductor Industry Association (SIA) press release.
The number grew by 1.1% from March.

SIA President and CEO John Neuffer stated, "The global semiconductor industry has posted double-digit year-over-year growth rates in every month of 2024, with month-over-month sales increasing in April for the first time this year, indicating positive market momentum as we approach mid-year."

April sales increased by 32.4 percent in the Americas compared to the same month last year, by 23.4 percent in China, and by 11.1 percent in Asia-Pacific and other areas. Concurrently, there was a 7.8% decline in Japan and a 7% decline in Europe.

In comparison to March, chip sales rose by 4.2% in North and South America, by 2.4% in Japan, and by 0.2% in the People's Republic of China. In the meantime, sales dropped by 0.5% in APAC and 0.8% in Europe.

SIA represents over 66% of international chip manufacturers and approximately 99% of the US semiconductor sector.