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Chip market falls 20% in February

Chip market falls 20% in February

Market news |
By Nick Flaherty



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.

“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.”

www.semiconductors.org

 

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