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January 8, 2025 | SIAEstimated reading time: Less than a minute
The Semiconductor Industry Association (SIA) announced global semiconductor sales hit $57.8 billion during the month of November 2024, an increase of 20.7% compared to the November 2023 total of $47.9 billion and 1.6% more than the October 2024 total of $56.9 billion. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.
“The global semiconductor market continued to grow substantially in November, hitting its highest-ever monthly sales total as month-to-month sales increased for the eighth consecutive month,” said John Neuffer, SIA president and CEO. “Year-to-year sales increased by more than 20% for the fourth consecutive month, driven by a 54.9% year-to-year sales increase into the Americas.”
Regionally, year-to-year sales were up in the Americas (54.9%), China (12.1%), Asia Pacific/All Other (10.0%), and Japan (7.4%), but down in Europe (-5.7%). Month-to-month sales in May increased in the Americas (4.4%), and Asia Pacific/All Other (1.5%), but were down in China (-0.1%), Europe (-0.7%), and Japan (-0.8%).
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