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

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.”
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%).

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.