According to MarketWatch, a financial website under Dow Jones, global chip sales decreased by over 20% in April.
According to the data of the Semiconductor industry Association, the sales in April decreased by 21.6% from 50.9 billion dollars in April 2022 to 40 billion dollars. According to the forecast data of the World Semiconductor Trade Statistics Association, the industry organization now predicts that the market will decline by 10.3% in 2023 and rebound by 11.9% in 2024.
SIA CEO John Neuffer stated in a statement that the global semiconductor market is still in a cyclical downturn and has worsened due to macroeconomic weakness. However, sales in April rose for the second consecutive month on month, which may indicate a sustained rebound in the coming months.
The report indicates that compared to the same period last year, sales in March decreased by 21.3%, sales in February decreased by 20.7%, sales in January decreased by 18.5%, and sales in 2022 reached a record high of $573.5 billion.