February semi sales up 16.3% y-o-y

February semiconductor sales of $46.2 billion were up 16.3% on the February 2023 total of $39.7 billion but 3.1% down on January’s $47.6 billion, says the SIA.

“Although month-to-month sales were down slightly, global semiconductor sales in February remained well ahead of the total from the same month last year, a continuation of the strong year-to-year growth the market has experienced since the middle of last year,” says SIA CEO John Neuffer, “sales in February increased on a year-to-year basis by the largest percentage since May 2022, and market growth is projected to persist during the remainder of the year.”

Regionally, year-to-year sales were up in China (28.8%), the Americas (22.0%), and Asia Pacific/All other (15.4%), but down in Europe (-3.4%) and Japan (-8.5%). Month-to-month sales were down across all markets: Asia Pacific/All Other (-1.3%), Europe (-2.3%), Japan (-2.5%), the Americas (-3.9%), and China (-4.3%).

Comments

3 comments

Mike Cowan
5th April 2024 at 1:55 pm

DAVID – Based on the just released SIA’s FEB 2024 global chip sales the Cowan LRA forecasting model is predicting a full year 2024 global semiconductor sales result of $576.4 billion.

This newly projected sales forecast equates to a 2024 yr-o-yr sales growth prediction of 9.4% which is up slightly from last month’s result of 8.9% BUT lower than the WSTS’s Fall 2023 market forecast of 11.7% published in November 2023 AND adjusted for 2023’s ACTUAL sales number which was released at the beginning of Feb 2024.

NOTE – the original WSTS published yr-o-yr sales growth forecast was projected to be 13.1% which was based on a 2023 sales forecast of $520.13 billion while the actual 2023 sales, according to WSTS. came in at $526.83 billion, an increase of 1.3%.

Regards. Mike C.

- David Manners
  5th April 2024 at 6:08 pm
  
  Thanks Mike,
  That’s most interesting,
  I think Malcolm’s looking at $600bn.
  It’s going to be an interesting year for sure, the capex numbers are astonishing.
  vbw
  David
  
  - Mike Cowan
    5th April 2024 at 7:48 pm
    
    DAVID – remember that my monthly forecast results are DYNAMIC in the sense that they change from month to month as the year plays out. Regards. Mike