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  2. WASHINGTON—May 7, 2023—The Semiconductor Industry Association (SIA) today announced worldwide sales of semiconductors totaled $137.7 billion during the first quarter of 2024, an increase of 15.2% compared to the first quarter of 2023 but 5.7% less than the fourth quarter of 2023.
    www.semiconductors.org/news-events/latest-news/
    www.semiconductors.org/news-events/latest-news/
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    How big is the global semiconductors market?New York, United States , April 16, 2024 (GLOBE NEWSWIRE) -- The Global Semiconductors Market Size to Grow from USD 611.56 Billion in 2023 to USD 1123.44 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 6.27% during the forecast period.
    What's going on with the semiconductor industry?Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Semiconductor companies have signalled that the industry’s sharpest slowdown in more than a decade is lasting longer than expected, as weakening demand for automotive components compounds slumping personal computer and smartphone sales.
    Will the semiconductor market continue to grow in 2024?“The global semiconductor market started the new year strong,” said John Neuffer, SIA President and CEO. “With worldwide sales increasing year-to-year by the largest percentage since May 2022. Market growth is projected to continue over the remainder of the year, with annual sales forecast to increase by double-digits in 2024 compared to 2023.”
    What is the outlook for the semiconductor industry?Certainly, the outlook for the semiconductor industry looks bright, notwithstanding potential short-term volatility due to supply–demand mismatches, as well as a changing global economic and geopolitical outlook.
     
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