IDC Announces Eight Key Trends for the Global Semiconductor Market in 2024

SINGAPORE, 21 December 2023 – According to IDC’s latest research, with the global demand for artificial intelligence (AI) and high-performance computing (HPC) exploding, coupled with the stabilizing demand for smartphones, personal computers, infrastructure, and resilient growth in automotive; the semiconductor industry is expected to usher in a new wave of growth. Semiconductor products cover logic integrated circuits (IC), analog IC, microprocessor and microcontroller IC, and memories.

“Memory manufacturers' strict control of supply and output has led to increasing prices from the start of November, and the demand for AI across all major applications will drive the overall semiconductor sales market to recover in 2024. The semiconductor supply chain, including design, manufacturing, packaging, and testing, will bid farewell to the downturn in 2023,” says Galen Zeng, Senior Research Manager, Semiconductor Research, IDC Asia/Pacific.