Global Semiconductor Sales Decline 20.7% YoY in February, China Down 34.2%: SIA

The Semiconductor Industry Association (SIA) recently announced that global semiconductor sales in February totaled $39.7 billion, a 20.7% year-over-year decrease from February 2022's total of $50 billion. January's global semiconductor sales were $41.3 billion, a 4.0% month-over-month decrease and a 20.7% year-over-year decrease, marking the largest decline since 2009.

Regional sales data shows that Japan's year-over-year sales in February slightly increased by 1.2%, while Europe (-0.9%), the Americas (-14.8%), the Asia Pacific region/other (-22.1%), and China (-34.2%) all saw a decline.

SIA notes that monthly sales in all regions declined, with China experiencing a 5.9% decline, Europe (-0.3%), Japan (-0.3%), the Asia Pacific region/other (-3.6%), and the Americas (-5.3%).

SIA's President and CEO, John Neuffer, stated, "Global semiconductor sales continued to slow in February, marking the sixth consecutive month of year-over-year and month-over-month declines. Short-term market cyclicality and macroeconomic headwinds contributed to the sales slowdown, but the mid- to long-term outlook remains bright due to a growing demand from a variety of end markets."

In recent days, Japan's Ministry of Economy, Trade, and Industry announced its goal to achieve ¥15 trillion in sales of semiconductor-related products produced in Japan by 2030, which is three times the current level of ¥5 trillion. With the start of production at Taiwan Semiconductor Manufacturing Company's Kumamoto factory and Rapidus, a manufacturer of cutting-edge products, Japan has raised this sales target.

It's important to keep track of global semiconductor sales and regional trends. Understanding the causes behind these trends can help anticipate future demand and optimize inventory management. The news of Japan's ambitious goal also highlights potential growth opportunities in the Japanese market.