WASHINGTON – Worldwide sales of semiconductors totaled $137.7 billion during the first quarter, an increase of 15.2% compared to the first quarter of 2023 but 5.7% less than the fourth quarter of 2023, the Semiconductor Industry Association announced.

"First-quarter global semiconductor sales were significantly higher than the total from the first quarter of last year, but sales slipped somewhat on a month-to-month and quarter-to-quarter basis, reflecting normal seasonal trends," said John Neuffer, SIA president and CEO. "The market is expected to continue to grow during the remainder of the year, with double-digit annual growth projected for 2024."

Regionally, year-to-year sales in March increased in China (27.4%), the Americas (26.3%), and Asia Pacific/All Other (11.1%), but decreased in Europe (-6.8%) and Japan (-9.3%). Month-to-month sales held even in China, but ticked down in the America (-0.1%), Europe (-0.9%), Asia Pacific/All Other (-1.2%), and Japan (-2%).

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