The semiconductor market collapsed by 21.3% - China was the hardest hit, while Europe and Japan barely felt the crisis

The Semiconductor Industry Association (SIA) has published a small report showing that the semiconductor market declined sharply year-on-year in the first quarter of 2023. On the other hand, sales in March increased compared to February.

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Semiconductor sales totaled $119.5 million in monetary terms in the reporting period. Compared to the last quarter of 2022, sales were down 8.7%. Compared to the first quarter of 2022, however, the market collapsed by 21.3%.

This situation is explained by cyclicality and macroeconomic barriers. At the same time, SIA notes that sales rose by 0.3% in March compared to February. In particular, by 2.7% and 1.2% in Europe and China respectively. In Japan, sales fell by 1.1% and in the Americas by 3.5%. In the other regions, the market increased by 2.6%.

If we compare the figures in March 2023 with March 2022, the most affected was China, where the semiconductor market declined by 34.1% or $5.73 billion. In America, sales fell by 16.4% or $1.89 billion. Japan and Europe almost did not feel the crisis. Their semiconductor sales fell only 1.3% and 0.7%, respectively.

Source: SIA