Industry group: global chip sales fell more than 20% in April and are expected to rebound in 2024

[industry organization: global chip sales are expected to rebound by more than 20% in April] according to the Wall Street Journal, according to data released by an industry trade group on Tuesday, global chip sales fell more than 20% in April compared with last year's record sales. Sales in April fell 21.6% to $40 billion from $50.9 billion in April 2022, according to the semiconductor industry association. According to the World Association for Semiconductor Trade Statistics, the industry group now expects the market to fall by 10.3% in 2023 and rebound by 11.9% in 2024.