Semiconductor Industry Records Eighth Consecutive Monthly Growth, October Sales Reach $46.6 Billion

The global semiconductor market maintains its growth streak, with October 2023 sales totaling $46.6 billion—a 3.9% increase from September. Despite a 0.7% year-to-year dip, the Semiconductor Industry Association (SIA) remains optimistic, endorsing a forecast predicting a robust 13.1% increase in global sales for 2024. Regional variations showcase China leading with a 6.1% monthly growth. The industry, representing 99% of the U.S. market,