Global chip sales up again, double digit growth expected in 2024

News Snapshot:

New data from a US trade association shows chip sales are on the rise again after a turbulent period for the sector hit by an ongoing US-China trade war. The global semiconductor industry enters the new year on a high as latest figures show chip sales increased year-on-year for the first time in nearly 18 months last November. According to data published by the Semiconductor Industry Association (SIA), global chip sales increased by 5.3pc in November compared to the same month in 2022. This coincides with the global rush to develop AI, a technology that is heavily reliant on advanced...