Chip market falls 20% in February
Semiconductor sales fell 20% in February compared to this time last year as the market continues to slow according to the latest data from the Semiconductor Industry Association (SIA).
Sales totaled $39.7 billion during February 2023, down 4% from $41.3bn and 20.7% less than the February 2022 total of $50.0bn.
Worst hit was the major user of chips, China, falling by 34.2% year-on-year, with the America’s falling 14.8% from last February. Month-to-month sales were down across all regions: Europe (-0.3%), Japan (-0.3%), Asia Pacific/All Other (-3.6%), the Americas (-5.3%), and China (-5.9%).
However analyst Future Horizons is calling the bottom of the market for later this year as inventory reduces and demand picks up.
- Chip market growth in 2023 will be ‘deeply negative’
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“Global semiconductor sales continued to slow in February, decreasing year-to-year and month-to-month for the sixth consecutive month,” said John Neuffer, SIA president and CEO. “Short-term market cyclicality and macroeconomic headwinds have led to cooling sales, but the market’s medium- and long-term prospects remain bright, thanks to growing demand across a range of end markets.”
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