Global chip sales reached a record high in 2024.

By the end of 2024, semiconductor sales revenue reached a record $627.6 billion.

This was reported by Semiconductor Digest, citing the words of John Neuffer, the CEO of the Semiconductor Industry Association (SIA).

In the fourth quarter of 2024, the company's sales amounted to $170.9 billion (+17.1% compared to the same period in 2023). In December of that year, sales increased by 17.1% year-on-year ($56.97 billion), but decreased by 1.2% compared to November.

The largest growth in chip sales over the year was recorded in America – +44.8%, China – +18.3%, and the Asia-Pacific region – +12.5%. Meanwhile, Europe and Japan saw the most significant declines: -8.1% and -0.4%, respectively.

The SIA CEO expects to see double-digit market growth throughout 2025.

Background. Earlier, Mind reported that U.S. sanctions did not stop the flow of chips to China. The cost of renting cloud services using leading artificial intelligence chips from Nvidia is lower in China than in the U.S., despite Washington's export restrictions. This indicates that advanced processors easily reach the Chinese market.