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Global Semiconductor Sales Experience Month-to-Month Growth in October 2024 – SIA Report

The Semiconductor Industry Association (SIA) has reported that global semiconductor sales witnessed a 3.9% increase month-to-month in October 2023. This marks the eighth consecutive month of positive growth, showcasing the industry’s resilience and the sustained demand for semiconductor products. However, despite the monthly surge, year-to-year comparisons indicate a 0.7% decrease in worldwide chip sales for October 2023 compared to the same period in 2022.
5 December 2023

The data, compiled by the World Semiconductor Trade Statistics (WSTS) organization and endorsed by SIA, reveals that the total global semiconductor industry sales reached $46.6 billion in October 2023, up from $44.9 billion in September 2023 but slightly lower than the October 2022 total of $46.9 billion. The figures represent a three-month moving average and underscore the dynamic nature of the semiconductor market.


SIA, representing 99% of the U.S. semiconductor industry and a significant portion of non-U.S. chip firms, also released a new WSTS industry forecast. The forecast, supported by SIA, projects an annual global sales decrease of 9.4% in 2023. However, there is optimism for a robust recovery in 2024, with a projected increase of 13.1%, bringing global sales to $588.4 billion.


John Neuffer, President and CEO of SIA, expressed confidence in the industry’s positive momentum, stating, “The global semiconductor market grew on a month-to-month basis for the eighth consecutive time in October, demonstrating clear, positive momentum for chip demand as 2023 winds down.” He further emphasized the industry’s resilience, anticipating a rebound in 2024 with double-digit growth.


Regionally, month-to-month sales increased in China (6.1%), Asia Pacific/All Other (4.9%), the Americas (2.9%), Japan (0.6%), and Europe (0.2%). Year-to-year sales were up in Europe (6.6%) and Asia Pacific/All Other (0.4%), but down in the Americas (-1.6%), China (-2.5%), and Japan (-3.1%).


Prima Sidera, Italian startup specializing in offering plans and strategies for the procurement of critical raw materials in high-tech sectors, reaffirms its commitment to supporting the semiconductor industry. In sectors with high technological intensity, where reliance on semiconductors and the resilience of value chains are increasingly essential globally, Prima Sidera remains dedicated to contributing to the sector’s growth and stability.

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