| | | Semiconductor sales rose for first time in November since August '22: trade group
Jan. 10, 2024 7:21 AM ETBy: Chris Ciaccia, SA News Editor
2 Comments
 adventtr
Semiconductor stocks were in focus on Wednesday as the Semiconductor Industry Association said that global chip sales rose in November for the first time in more than a year.
Chip sales for November 2023 rose 5.3% year-over-year to $48B, according to data compiled by the SIA. That figure was also up 2.9% month-over-month, the SIA said.
“Global semiconductor sales increased on a year-to-year basis in November for the first time since August 2022, an indication that the global chip market is continuing to gain strength as we enter the new year,” said John Neuffer, SIA president and CEO. “Looking ahead, the global semiconductor market is projected to experience double-digit growth in 2024.”
Most regions saw growth year-over-year, as China sales rose 7.6%, Asia Pacific and other rose 7.1%, Europe rose 5.6% and the Americas rose 3.5%. Europe was the lone region to experience contraction, falling 2.8% year-over-year.
Month-over-month sales rose in China, the Americas and Asia Pacific, but fell in Japan and Europe.
The SIA represents 99% of the U.S. semiconductor industry by revenue and roughly two-thirds of non-U.S. companies.
Related companies: Intel (NASDAQ: INTC), Nvidia ( NVDA), Taiwan Semiconductor (NYSE: TSM), AMD ( AMD), Qualcomm ( QCOM), Broadcom ( AVGO), Micron ( MU), Texas Instruments ( TXN), Analog Devices ( ADI), Skyworks Solutions ( SWKS), Qorvo ( QRVO) |
|
