🟦 Global semiconductor market to grow strongly in January~March 2024!

Driven by China and the Americas

🟦 Global semiconductor market to grow strongly in January~March 2024!

According to the Semiconductor Industry Association (SIA), global semiconductor sales in the first quarter of 2024 (January~March) reached $137.7 billion, up 15.2% year-on-year, showing solid growth. However, it declined by 5.7% quarter-on-quarter, suggesting that the market has entered a seasonal correction. Revenue for the month of March 2024 fell 0.6% month-over-month to $45.9 billion, continuing a month-on-month decline

March 2024 Sales by Region YoY / Mom

  • China: up 27.4% / flat
  • Americas: up 26.3% / down 0.1%
  • Asia Pacific: up 11.1% / down 1.2%
  • Japan: -9.3% / -2.0%
  • Europe: -6.8% / -0.9%

🟦 Due to the off-season, it is negative compared to the previous quarter.

The semiconductor industry is busy at the end of the fiscal year in December, and the first quarter is a seasonal off-season, so there is often negative growth compared to the previous quarter. John Neufer, CEO of SIA, commented, “Double-digit growth is expected in 2024, and the market will continue to grow,” and regional demand is expected to be strong.


The global semiconductor market in the January~March period of 2024 achieved solid growth, mainly in China and the Americas. On the other hand, Europe and Japan are showing a deceleration trend, and the future course of attention will be watched.

There are also risks that could exert downward pressure on the market, such as concerns about a slowdown in the global economy and a protracted U.S.-China trade friction. Going forward, it will be important to pay close attention to these risk factors and analyze market trends.

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