skip to content

Global Semiconductor Sales Surge To Record $57.8 Billion

- Advertisement -

Sales reached an all-time monthly high in November, with global chip sales rising by 1.6% compared to the previous month.

Graph Showing Global Semiconductor Sales Surge To Record $57.8 Billion , source: WSTS

The Semiconductor Industry Association (SIA) announced that global semiconductor sales reached an unprecedented $57.8 billion in November 2024, marking a 20.7% increase compared to November 2023’s $47.9 billion and a 1.6% rise from October 2024’s $56.9 billion. These figures, compiled by the World Semiconductor Trade Statistics (WSTS) organization, highlight a consistent upward trend in the semiconductor market, with November’s sales representing the highest monthly total ever recorded.

John Neuffer, SIA president and CEO, celebrated the growth, stating, “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. Year-to-year sales surged by more than 20% for the fourth consecutive month, propelled by robust demand in key regions, particularly the Americas.”

- Advertisement -

Regionally, the Americas led the growth with a remarkable 54.9% year-over-year increase in sales. China, the largest market for semiconductors, saw a 12.1% rise, while Asia Pacific/All Other (10.0%) and Japan (7.4%) also posted gains. Europe, however, recorded a 5.7% decline compared to November 2023. On a month-to-month basis, sales rose 4.4% in the Americas and 1.5% in Asia Pacific/All Other. Meanwhile, sales slightly dipped in China (-0.1%), Europe (-0.7%), and Japan (-0.8%).

Chart showing Global Semiconductor Sales Surge To Record $57.8 Billion 

The SIA, which represents 99% of the U.S. semiconductor industry and nearly two-thirds of non-U.S. chip companies, credits the growth to robust demand for cutting-edge technologies across industries, including artificial intelligence, automotive, and consumer electronics. With November marking the eighth consecutive month of growth, the semiconductor sector continues to demonstrate resilience and a pivotal role in driving global innovation and economic progress. Industry leaders are optimistic about sustaining this momentum into 2025, particularly with emerging technologies fueling demand.

As the semiconductor market evolves, stakeholders will closely monitor regional trends, with the Americas’ booming performance underscoring its importance as a key driver in the global semiconductor ecosystem.

- Advertisement -

Most Popular Articles

Eastman, Urja Mobility To Power Electric Three-Wheelers

0
Integrating IoT and software solutions for enhanced mobility, Eastman Auto partners with Urja Mobility to supply batteries for electric three-wheelers in India. On Tuesday,...

ISRO, IIT Madras Unveil India’s Indigenous IRIS Chip

0
Powering India’s leap towards self-reliance in semiconductors for space and IoT systems under the RISC-V initiative, ISRO and IIT Madras have jointly launched IRIS...

Lam Research To Invest ₹100B In India

0
Aligning with government efforts to reduce import dependency, Lam Research is set to invest ₹100 billion in Bengaluru, India, for semiconductor manufacturing. Lam Research,...

BEL, Safran Partner To Boost India’s Defence Manufacturing

0
To locally produce cutting-edge HAMMER weapon systems, France's Safran Electronics join hands with BEL, expands manufacturing and R&D operations in Bengaluru. Defence PSU Bharat...

Delvitech Expands AI Innovation India

0
Focused on AI-powered AOI and SPI systems, the company is committed to driving innovation, optimizing production quality, and delivering world-class solutions tailored to the...
Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...
Akshay-Kashyap-of-Greenfuel-Energy

“Many Companies Avoid Pack Testing And Validation Because It Is Time-Consuming” – Akshay Kashyap,...

0
Battery pack reliability goes beyond cell quality—it relies on precise engineering, thorough testing, and tailored thermal management. In a conversation with EFY’s Nitisha Dubey,...
Sambit Parida, CTO and Co-Founder of IG Drones

“If A Hacking Attempt Is Detected, The System Automatically Secures Or Erases Critical Data...

0
From handling defence-specific tasks with or without human intervention to withstanding extreme weather, how capable are drones? What if someone tries to hack sensitive...

Meridian Joins Altair’s Startup Programme To Boost UAV Tech

0
Eyeing to drive innovation in UAVs and hybrid power tech with simulation tools and expert support, Altair teams up with Meridian Flight Systems in...

Mitsubishi Electric Acquires Stake In Itanta Analytics Startup

0
Aiming to boost manufacturing digitalisation and efficiency with simplified automation solutions, Mitsubishi Electric India invests in Itanta Analytics to develop no-code data analysis tools....

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...
Sambit Parida, CTO and Co-Founder of IG Drones

Innovative Drone Technologies from IG Drones Driving Efficiency Across Sectors

0
Haryana-based IG Drones develops advanced surveillance, agriculture, and defence technologies, focusing on improving adaptability and operational precision. Founded in 2018 by Om Prakash and Bodhisattwa...

Industry's Buzz

Learn From Leaders

Startups