Semiconductor gross sales undergo steepest decline since 2009

Semiconductor gross sales suffered their worst month in 14 years worldwide in February, dropping greater than 20% year-over-year because the business seeks to work its manner out of a listing glut that adopted two years of pandemic-driven shortages.

Global gross sales in February plummeted 20.7% to $39.7 billion from the $50 billion bought in February 2022, in keeping with the Semiconductor Industry Association late Thursday. The final time month-to-month gross sales dropped as a lot was in 2009, in keeping with SIA knowledge.

Japan…