Decrease in sales of semiconductor chips in the world reached 20%

According to the Semiconductor Industry Association (SIA), chip sales in February fell 20.7% year-over-year to $39.7 billion. The decline in sales is due to market cyclically and macroeconomic headwinds. Despite this, the association's chief executive officer, John Neufer, believes that the medium- and long-term market outlook remains favorable due to growing demand in a number of markets. In Japan, sales increased by 1.2%, while in China, Asia-Pacific and other regions, and the Americas, sales fell by 34.2%, 22.1% and 14.8%, respectively.

In January, chip sales decreased by 18.5% year-on-year and amounted to $41.33 billion. Compared to December last year, the market sold 5.2% less products in monetary terms. China, Asia-Pacific and other regions, and North and South America were the hardest hit by sales declines of 31.6%, 19.5% and 12.4%, respectively. The only region where growth was observed was Europe (0.9%), as well as Japan (0.7%).