November semiconductor sales of $48 billion were up 5.3% compared with the $45.6 billion of November 2022 and 2.9% up on the October 2022 total of $46.6 billion, says the SIA.

“Global semiconductor sales increased on a year-to-year basis in November for the first time since August 2022, an indication that the global chip market is continuing to gain strength as we enter the new year,” says SIA CEO  John Neuffer, “looking ahead, the global semiconductor market is projected to experience double-digit growth in 2024.”

Regionally, year-to-year sales were up in: China (7.6%), Asia Pacific/All other (7.1%), Europe (5.6%), and the Americas (3.5%), but down in Europe (-2.8%).

Month-to-month sales increased in: China (4.4%), the Americas (3.9%), and Asia Pacific/All Other (3.5%), but decreased in Japan (-0.7%) and Europe (-2.0%).