China’s semiconductor sales fall 21 per cent in November as worldwide chip demand continues decline for third consecutive month
- China’s chip sales totaled US$13.4 billion in November, down from US$17.02 billion a year earlier, according to the Semiconductor Industry Association
- That decline marked the biggest percentage drop among the world’s major markets for integrated circuits
The decline recorded by China marked the biggest percentage drop among the world’s major markets for integrated circuits (ICs), according to data from the Semiconductor Industry Association (SIA), a Washington-based trade group that represents 99 per cent of the US chip industry.
That also represented the biggest year-on-year decline for China since last July, when its monthly sales in 2022 started to head south, SIA data showed. China was the world’s largest semiconductor market in 2021, with total sales of US$192.5 billion.
Worldwide chip sales reached US$45.48 billion last November, down 9.2 per cent from US$50.09 billion in the same period in 2021. Overall global demand started to contract in September last year, when total sales decreased 3 per cent year on year to US$47 billion.
“Global semiconductor sales decreased in November, largely due to market cyclicality and macroeconomic headwinds,” said John Neuffer, the SIA’s president and chief executive. He indicated that “sales into China decreased sharply on a year-on-year basis”, while sales into the Americas region were up compared to November 2021.
