Market Analysis

Americas semi sales drive April market growth

Author: Mick Elliott, Contributing Editor

Global semiconductor sales reached $46.4 billion in April 2024, says the Semiconductor Industry Association (SIA), marking a 15.8% increase from $40.1 billion in April 2023 and a 1.1% rise from $45.9 billion in March 2024.

Regionally, year-over-year sales in April increased significantly in the Americas by 32.4%, China sales grew 23.4%, and Asia Pacific/All Other were up 11.1%. Europe posted a 7% sales fall. Japan sales were down 7.8%.

On a month-to-month basis, April sales rose 4.2% in the Americas, Japan sales advanced 2.4%, and China sales edged up 0.2%.

Declines were recorded in Asia Pacific/All Other at -0.5%) and Europe sales fell 0.8%.

“The global semiconductor industry posted double-digit sales increases on a year-to-year basis during each month of 2024, and worldwide sales in April increased on a month-to-month basis for the first time this year, indicating positive market momentum as we approach the middle of the year,” said John Neuffer, SIA president and CEO. “Additionally, the latest industry forecast projects strong annual growth in 2024, led by sales to the Americas market, which is expected to grow by more than 25% this year.”

These monthly sales figures, compiled by the World Semiconductor Trade Statistics (WSTS) organisation, represent a three-month moving average.

SIA also endorsed the WSTS Spring 2024 global semiconductor sales forecast, which projects annual global sales will reach a record $611.2 billion in 2024. This upward trajectory is expected to continue into 2025, with global sales projected to hit $687.4 billion. WSTS formulates its semi-annual industry forecast by gathering input from a broad range of global semiconductor companies, providing a comprehensive outlook on semiconductor trends.