Global Semiconductor Sales Decrease 12 Percent to $412 Billion in 2019

The Semiconductor Industry Association (SIA) today announced the global semiconductor industry sales were $412.1 billion in 2019, a decrease of 12.1 percent compared to the 2018 total. Global sales for the month of December 2019 reached $36.1 billion, a decline of 5.5 percent compared to the December 2018 total and 1.7 percent less than the total from November 2019. “Amid a confluence of factors, including ongoing global trade unrest and cyclicality in product pricing, worldwide sales of semiconductors were down considerably in 2019, falling 12 percent year-to-year,” said John Neuffer, SIA president and CEO. “The global market rebounded somewhat during the second half of 2019, increasing slightly from Q3 to Q4, and modest annual growth is projected for 2020. Policies that promote free trade and ensure open access to global markets are needed for continued recovery in the coming months. Ratification of the U.S.-Mexico-Canada Agreement (USMCA) and signing of the ‘phase one’ U.S.-China trade agreement are positive steps.” Read more here