Global semiconductor sales hit $57.8 billion during the month of November 2024, an increase of 20.7% compared to the November 2023 total of $47.9 billion and 1.6% more than the October 2024 total of $56.9 billion, according to the Semiconductor Industry Association (SIA).

Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.

“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 increased by more than 20% for the fourth consecutive month, driven by a 54.9% year-to-year sales increase into the Americas,” said John Neuffer, SIA president and CEO.

Global semiconductor sales hit $57.8 billion during the month of November 2024, an increase of 20.7% compared to the November 2023 total of $47.9 billion and 1.6% more than the October 2024 total of $56.9 billion, according to the Semiconductor Industry Association (SIA).

Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and represent a three-month moving average. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.

“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 increased by more than 20% for the fourth consecutive month, driven by a 54.9% year-to-year sales increase into the Americas,” said John Neuffer, SIA president and CEO.