Global chip industry poised to bounce back after tough 2023BloombergThe global chip industry is poised for a significant rebound this year with sales expected to jump to a record level, fueled by a greater need for the electrical components from a broad range of businesses, according to a forecast from the Semiconductor Industry Association (SIA). The increasing momentum indicates sales will gain 13 percent this year to almost US$600 billion, the SIA said. “Global semiconductor sales were sluggish early in 2023 but rebounded strongly during the second half of the year, a trend we expect to continue in 2024,” SIA president and chief executive officer John Neuffer said. By region, Europe was the only area that posted growth last year as sales increased 4 percent. China and the Asia Pacific region posted the steepest declines, with China revenue, the biggest block of sales for the industry, down 14 percent.

Source: Taipei Times February 06, 2024 03:31 UTC