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The global chip market will grow 13.1% in 2024, reaching a record $588.36 billion, after this year’s decline. Such a forecast was made by industry organization World Semiconductor
Such a forecast was made by industry organization World Semiconductor Trade Statistics, Ukrinform reported with reference to Kyodo News.
Thus, the organization’s experts revised their June forecast for market growth next year by 11.8%.
If expectations come true, the size of the market will exceed the previous record of $574.08 billion in 2022.
According to experts, the biggest growth in 2024 will be experienced in North and South America with 22.3 percent.
The market in the Asia-Pacific region, where many companies have production facilities for smartphones and personal computers, is expected to grow by 12%.
The optimistic forecasts come as the industry shows signs of recovery in demand due to the widespread use of generative AI as well as increased sales of computers and smartphones following the launch of ChatGPT.
As reported by Ukrinform, the American company Intel has introduced several new chips, including the Gaudi3 semiconductor with artificial intelligence.
Photo: japantimes.co.jp
Source: Ukrinform
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