Global chip sales down 20.7% year-over-year
Global semiconductor industry sales totalled USD 39.7 billion during the month of February 2023, a decrease of 4.0% compared to the January 2023 total of USD 41.3 billion and 20.7% less than the February 2022 total of $50.0 billion, reports SIA.
“Global semiconductor sales continued to slow in February, decreasing year-to-year and month-to-month for the sixth consecutive month,” says John Neuffer, SIA president and CEO, in a press release. “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.”
Regionally, year-to-year sales increased slightly in February in Japan (1.2%), but decreased in Europe (-0.9%), the Americas (-14.8%), Asia Pacific/All Other (-22.1%), and China (-34.2%). 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%).