The latest data released by the World Semiconductor Trade Statistics (WSTS) showed that global semiconductor market sales totaled US$124.5 billion in 2Q23, up 4.2% quarterly and down 17.3% from the same period last year.
Europe is the only region that enjoyed growth both quarterly and annually, up 1.8% and 7.6%, respectively. China, Asia Pacific, and the US suffered double-digit declines in sales in the second quarter, compared to the same period last year, while Japan reported a modest slip of 3.5%.
China's sales were up 10.7% quarter-on-quarter, while the US, Japan, and Europe registered modest growths of 3.5%, 2.1%, and 1.8%, respectively. Asia Pacific sales were still down 0.1% from Q1.
Global sales in volumes in 2Q23 totaled 230.9 billion units, up 3.4% from the first quarter, and declining by 18.9% from the same period last year. The average selling price (ASP) was US$0.539, up 0.7% quarter-on-quarter, and also saw a 2% increase from the same period last year.
WSTS Global Semiconductor Sales by Regions | |||||
Sales (US$b) | QoQ (%) | YoY (%) | |||
China | 36.8 | 10.7 | -24.4 | ||
Asia Pacific | 32 | -0.1 | -20.4 | ||
US | 29.8 | 3.5 | -17.9 | ||
Europe | 14 | 1.8 | 7.6 | ||
Japan | 11.8 | 2.1 | -3.5 | ||
Source: WSTS, Aug 2023
WSTS said in a press release in May that the estimated market size in the entire year of 2023 is projected to reach US$515 billion, indicating a decrease of 10.3 percent. However, this is anticipated to be followed by a robust recovery, with an estimated growth of 11.8 percent in 2024. For the year 2023, the European and Japanese markets are projected to experience growth, with respective increases of 6.3 and 1.2 percent. Conversely, the remaining regions are anticipated to face a downturn, with the Americas expected to decline by 9.1 percent and the Asia Pacific region by 15.1 percent. Discrete and optoelectronics are the only two sectors predicted to sustain single-digit year-over-year growth in 2023, at 5.6 percent and 4.6 percent respectively.
