Global Semiconductor Sales Increase 0.3% Month-to-Month in April
June 8, 2023 | SIAEstimated reading time: 1 minute

The Semiconductor Industry Association (SIA) today announced global semiconductor industry sales were $40.0 billion during the month of April 2023, an increase of 0.3% compared to the March 2023 total of $39.8 billion and 21.6% less than the April 2022 total of $50.9 billion. Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. Additionally, a newly released WSTS industry forecast projects annual global sales will decrease 10.3% in 2023 and then rebound with growth of 11.9% in 2023. 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 remains in a cyclical downturn, exacerbated by sluggish macroeconomic conditions, but month-to-month sales ticked up for the second consecutive month in April, perhaps foreshadowing a continued rebound in the months ahead,” said John Neuffer, SIA president and CEO. “The latest industry forecast projects a double-digit dip in global chip sales for 2023, followed by a strong rebound in 2024.”
Regionally, month-to-month sales in April increased in China (2.9%) and Japan (0.9%), but decreased in Europe (-0.6%), the Americas (-1.0%), and Asia Pacific/All Other (-1.1%). Year-to-year sales in April were up in Europe (2.3%), but down in Japan (-2.3%), the Americas (-20.5%), Asia Pacific/All Other (-23.9%), and China (-31.4%).
Additionally, SIA endorsed the WSTS Spring 2023 global semiconductor sales forecast, which projects annual global sales will be $515.1 billion in 2023, down from the 2022 sales total of $574.1 billion. In 2024, global sales are projected to reach $576.0 billion, which would be the industry’s highest-ever total. WSTS tabulates its semi-annual industry forecast by gathering input from an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends.
Suggested Items
Global Semiconductor Sales Increase 27% Year-to-Year in May
07/07/2025 | SIAThe Semiconductor Industry Association (SIA) announced global semiconductor sales were $59.0 billion during the month of May 2025, an increase of 27.0% compared to the May 2024 total of $46.4 billion and 3.5% more than the April 2025 total of $57.0 billion.
SIA Applauds Passage of Strengthened Semiconductor Investment Credit
07/04/2025 | SIAThe Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer following passage in the U.S. House of Representatives of the One Big Beautiful Bill Act (H.R. 1).
Horizon Sales Celebrates 10 Years of Exceptional Service by Sales Leader David Smith
07/02/2025 | Horizon SalesHorizon Sales, a premier manufacturers’ representative and distributor for the electronics assembly industry, is proud to announce that David Smith is celebrating 10 years with the company this month.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
06/27/2025 | Nolan Johnson, I-Connect007While news outside our industry keeps our attention occupied, the big news inside the industry is the rechristening of IPC as the Global Electronics Association. My must-reads begins with Marcy LaRont’s exclusive and informative interview with Dr. John Mitchell, president and CEO of the Global Electronics Association. For designers, have we finally reached the point in time where autorouters will fulfill their potential?
Reflections and Priorities: An Update to I-Connect007 Readers
06/24/2025 | Marcy LaRont, I-Connect007The electronics and manufacturing industry is evolving rapidly—with new technologies, deeper global connections, and a growing drive toward sustainability. To reflect these changes and our place in this dynamic space, we’re refreshing our brand.