1.1 Global Manufacturing Industry Remains Volatile
1.2 The Decline in Electronic Information Manufacturing Industry
1.3 Semiconductor Sales Rebounded Strongly
2.1 The Overall Chip Delivery Trend
2.2 List of Delivery Cycles of Key Chip Suppliers
4.1 Semiconductor Upstream Manufacturers
(1)Silicon Wafer/Equipment
(2)Fabless/IDM
(3)Foundry
(4)OSAT
4.2 Distributor
4.3 System Integration
4.4 Terminal Application
(1)Consumer Electronics
(2)New Energy Vehicles
(3)Industrial Control
(4)Photovoltaic
(5)Energy Storage
(6)Service Machine
(7)Communication
5.1 Opportunities
5.2 Risk
6 Summarize
Disclaimer
In February, the global economic index showed a marked rise, and the momentum of economic recovery has picked up. However, major economies including China, the United States, the European Union, Japan, France, and Germany remain below the warning line, with uncertainties persisting.
Chart 1: Manufacturing PMI of the world's major economies in February
Source: NBSPRC
The latest IMF forecast shows that the global economy will continue to maintain resilience in 2024, with an economic growth rate of 3.1%.
In 2023, China's electronic information manufacturing industry saw production recovery, export decline narrowing, benefits gradual recovery, investment steady growth, and revenue decline narrowing in multiple regions.
Chart 2: Latest Operation of Electronic Information Manufacturing Industry in 2023
Source: MIIT
According to the latest data from SIA, global semiconductor industry sales in January 2024 were $47.63 billion, representing a year-over-year increase of 15.2% and a month-over-month decrease of 2.1%. From a regional perspective, China's sales increased by 26.6% year-over-year, performing the best, followed by the Americas, with sales increasing by 20.3% year-over-year. SIA predicts that global semiconductor sales will be strong at the beginning of 2024, with sales expected to continue to grow in the coming months. The global semiconductor industry sales for the whole year will increase by 13.1%.
Chart 3: Latest global semiconductor industry sales and growth rate in 2024
Source: SIA、Chip Insights
In terms of integrated circuit production, the global trend is set to rebound in 2023. China's production of integrated circuits reached 351.4 billion units, marking a year-over-year growth of 6.9%.
Chart 4: Global and Chinese Integrated Circuit Production from 2018 to 2023
Source: Wind
For more information, please refer to the attached report.