Global semiconductor sales in January 2024 increased by 15.2% year-on-year, the largest increase since May 2022
🟦The semiconductor market in January 2024 increased by 15.2% year-on-year, the largest since May 2022!
According to the Semiconductor Industry Association (SIA), the global semiconductor market in January 2024 was $47.6 billion, up 15.2% year-on-year. This was the largest increase since May 2022, but January was down 2.1% month-on-month due to the off-season. In 2024 as a whole, the global semiconductor market is expected to grow by about 10~15% year-on-year.
🟦 Strong demand for data centers and servers
The semiconductor market in January 2024 saw a significant year-on-year increase due to strong demand for semiconductors for data centers, servers, and automotive semiconductors. By region, China had the highest growth rate with a year-on-year increase of 26.6%.
- Sales by region (year-on-year)
- China +26.6%
- Asia +12.8%
- U.S. +26.6%
- Japan -6.4%
- Europe -2.8%
🟦Summary
Global semiconductor sales in January 2024 increased 15.2% year-on-year to $47.6 billion, the largest increase since May 22. This was due to strong demand for semiconductors for data centers and servers, as well as automotive semiconductors.
It will take some time to return to the level of 2021, when the semiconductor market was strong.
