Bottoming out? Semiconductor sales finally show positive growth

Since the first quarter of 2022, global semiconductor market revenue has been continuously declining. In the first quarter of this year, sales were $120.5 billion, a 9% decrease compared to the fourth quarter of 2022. However, this trend seems to be getting under control.

Recently, the Semiconductor Industry Association (SIA) announced that global semiconductor sales totaled124.5billioninthesecondquarterof2023,witha4.741.5 billion, a 1.7% increase compared to the previous month.

In a recent annual report, SIA provided insights into the current state of the U.S. semiconductor industry in 2023. It mentioned that China is the largest single semiconductor market globally, accounting for 31% of the total market and representing 36% of the total sales of U.S. semiconductor companies. Approximately 75% of the global semiconductor manufacturing capacity is concentrated in China and East Asia. Moreover, currently, 100 out of the world's most advanced (below 10nm) semiconductor manufacturing capabilities are located in Taiwan, China (92%), and South Korea (8%).