Semiconductor market continues its plunge

Semiconductor market continues its plunge

Market news |
By Nick Flaherty

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Semiconductor sales were up in the second quarter of the year but 17.3% down on the same period last year says the Semiconductor Industry Association (SIA).

The 4.7% increase in the semiconductor market to $124.5bn in Q2 is a reason for optimism, says the SIA, although sales were flat in Europe in June at 0.1% and significantly down in the Americas, China and Asia Pacific. Analysts are predicting a 22% fall in the market in 2023, with year-to-year sales down in Japan (-3.5%), the Americas (-17.9%), Asia Pacific/All Other (-20.4%) and China (-24.4%).

Global sales for June 2023 were $41.5 billion, an increase of 1.7% compared to the previous month. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.

“Although global semiconductor sales in 2023 remain behind the totals from last year, revenue ticked up in June for the fourth consecutive month and notched solid quarter-over-quarter increases, providing optimism the market will continue to rebound over the second half of the year,” said John Neuffer, SIA president and CEO.

Regionally, month-to-month sales increased in the Americas (4.2%), China (3.2%), Japan (0.9%), and Europe (0.1%), but fell slightly in Asia Pacific/All Other (-0.5%).


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