Figures from the Semiconductor Industry Association (SIA) show a further decline in the value of the global semiconductor industry, whose sales in January 2023 amounted to US$41.3 billion, down 5.2% from US$43.6 billion in December 2022 and down 18.5% from US$50.7 billion in January 2022. These figures are based on data collected by the World Semiconductor Trade Statistics (WSTS) organisation.

China's sector shed 31.6% of its value in year-to-year sales (when comparing January 2022 to January 2023). Sales also decreased in the Americas by 12.4%, while in Asia Pacific (excluding China and Japan) they went down by 19.5%. Chip markets in Europe and Japan kept expanding by 0.7% and 0.9% respectively, in year-to-year sales.

'Despite record-high sales in 2022, the global semiconductor market cooled considerably during the second half of the year, and that trend continued during the first month of 2023,' said John Neuffer, SIA president and CEO. He further added: 'The semiconductor market remains strong due to the ever-increasing role of chips in powering the critical technologies of today and tomorrow.'