KUALA LUMPUR (May 8): Global sales of semiconductors jumped 15.2% year-on-year (y-o-y) to US$137.7 billion (RM653.24 billion) during the first quarter of 2024, according to the US-based Semiconductor Industry Association (SIA).
In a statement on Tuesday, the industry association, however, said the figure was 5.7% less than the fourth quarter of 2023.
Sales for the month of March 2024 decreased by 0.6% compared to February 2024.
Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organisation and represent a three-month moving average.
SIA president and chief executive officer John Neuffer said first-quarter global semiconductor sales were significantly higher than the total from the first quarter of last year, but sales slipped somewhat on a month-to-month and quarter-to-quarter basis, reflecting normal seasonal trends.
“The market is expected to continue to grow during the remainder of the year, with double-digit annual growth projected for 2024,” he said.
SIA said that regionally, year-to-year sales in March increased in China (27.4%), the Americas (26.3%), and Asia Pacific/All Other (11.1%), but decreased in Europe (6.8%) and Japan (9.3%).
Month-to-month sales held even in China, but ticked down in the Americas (0.1%), Europe (0.9%), Asia Pacific/All Other (1.2%), and Japan (2.0%).