Prospects for semiconductors

According to forecasts by the International Semiconductor Trade Statistics (IDC) organization – an organization established by major semiconductor (chip) manufacturers – the global chip market is expected to grow by 13.1% in 2024, reaching a record value of $588.36 billion, after a decline in 2023, thanks to increasing demand for chips used in artificial intelligence (AI).

The efforts of key chip manufacturers such as TSMC, Samsung, and Intel, along with stable consumer demand, will drive double-digit growth in the global semiconductor foundry industry next year.

IDC has revised its forecast upwards from the 11.8% growth forecast made last June. If this growth is achieved, the chip market size by order will surpass the record high of $574.08 billion recorded in 2022. The forecast shows an optimistic outlook for the chip market, as the industry is showing signs of recovery due to the demand for AI applications generated after OpenAI launched its ChatGPT chatbot tool; and improvements in sales of personal computers and smartphones. In terms of products, memory chips will lead the overall market growth in 2024, with sales expected to increase by 44.8% compared to 2023.

The logic chip market is also projected to grow by 9.6%, while the image sensor chip market is expected to increase by 1.7%. By region, the Americas are expected to see the strongest growth at 22.3%. The Asia- Pacific market, where many companies have smartphone and personal computer manufacturing facilities, will grow by 12%.

The integration of more AI functionalities into personal devices, including smartphones, PCs, and wearables, will drive demand for chips. Additionally, the US chip export ban has prompted China to aggressively expand its manufacturing capacity, putting downward pressure on chip prices outside of China. Advanced chip manufacturing technologies are also increasingly emerging to meet the growing demand for chip performance.

KHANH MINH

Source: https://www.sggp.org.vn/trien-vong-ve-ban-dan-post720926.html