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Worldwide Chip Sales Increased By 1.1% In April, Marking First 2024 Growth

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A new forecast predicts robust annual growth, and the semiconductor market shows strong momentum, especially in the Americas and China.

The Semiconductor Industry Association (SIA) reported that global semiconductor industry sales reached $46.4 billion in April 2024, marking a 15.8% increase compared to April 2023’s $40.1 billion and a 1.1% rise from March 2024’s $45.9 billion. The World Semiconductor Trade Statistics (WSTS) organisation compiles these monthly sales figures, which represent a three-month moving average.

A new industry forecast predicts annual global sales growth of 16.0% in 2024 and 12.5% in 2025. The SIA, representing 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms, highlighted these promising trends. Regionally, year-over-year sales in April saw significant increases in the Americas (32.4%), China (23.4%), and Asia Pacific/All Other (11.1%). However, sales decreased in Europe (-7.0%) and Japan (-7.8%). On a month-to-month basis, April sales rose in the Americas (4.2%), Japan (2.4%), and China (0.2%), but fell in Asia Pacific/All Other (-0.5%) and Europe (-0.8%).

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The company also endorsed the WSTS Spring 2024 global semiconductor sales forecast, which projects that annual global sales will reach $611.2 billion in 2024, the industry’s highest-ever annual total. For 2025, global sales are anticipated to grow to $687.4 billion. It compiles its semi-annual industry forecast by collecting data from a wide range of global semiconductor companies, providing precise and timely insights into semiconductor trends.

“The global semiconductor industry has seen double-digit sales increases year-over-year for each month of 2024. April’s worldwide sales also increased on a month-to-month basis for the first time this year, signalling positive market momentum as we approach mid-year,” said John Neuffer, SIA president and CEO. “Additionally, the latest industry forecast indicates robust annual growth in 2024, led by the Americas market, expected to grow by over 25% this year.”

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