The semiconductor industry is experiencing a significant upswing, with April 2024 sales figures from the U.S. Semiconductor Industry Association (SIA) indicating a strong and sustained growth trajectory. The April sales of $46.4 billion mark a 15.8% increase compared to the same period last year and a 1.1% increase from March 2024, signaling the industry's first MoM growth this year.

The World Semiconductor Trade Statistics (WSTS) shares an optimistic outlook, predicting a 16.0% increase in global semiconductor sales for 2024, followed by a projected 12.5% growth in 2025. This demonstrates the industry's momentum and potential for expansion.

Regional analysis reveals that the Americas market showed the most pronounced YoY growth at 32.4%, while the Chinese market also performed well with a 23.4% increase. The Asia-Pacific region (excluding China and Japan) experienced an 11.1% growth. In contrast, the European and Japanese markets saw declines of 7.0% and 7.8%, respectively.

The SIA further forecasts that the global semiconductor industry's sales will reach $611.2 billion in 2024, establishing a historical high, and is expected to rise to $687.4 billion by 2025, reflecting the industry's ongoing growth potential driven by global digital transformation and technological innovation.