Business is good and getting better.
Chip making capacity should be improving modestly.
Then the fab building from the Chip Act will begin to catch a new higher gear.
Global semiconductor industry sales for February 2024 jumped 16.3% year-over-year to $46.2 billion, according to data from The Semiconductor Industry Association [SIA].
However, sales fell 3.1% compared to the January 2024 total of $47.6 billion, SIA added.
"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," said John Neuffer, SIA president and CEO.
According to SIA, region-wise M/M sales: Americas -3.9%, Europe -2.3%, Japan -2.5%, China -4.3% and Asia Pacific/all other -1.3%.
Region-wise Y/Y sales: Americas +22.0%, Europe -3.4%, Japan -8.5%, China +28.8% and Asia Pacific/all other +15.4%.
Top semiconductor ETFs include: VanEck Semiconductor ETF (NASDAQ: SMH); iShares Semiconductor ETF ( SOXX); SPDR S&P Semiconductor ETF ( XSD); Invesco Dynamic Semiconductors ETF ( PSI); ProShares Ultra Semiconductors ( USD); First Trust Nasdaq Semiconductor ETF ( FTXL).
Top semiconductor names: Nvidia ( NVDA), Intel ( INTC), Micron Technology ( MU); Texas Instruments ( TXN); Qualcomm ( QCOM); NXP Semiconductors ( NXPI); Applied Materials ( AMAT). |
