4: IC Design Inventory Depletion Gradually Ends, Asia-Pacific Market Expected to Grow 14% by 2024

Although the performance of IC designers in the Asia Pacific was relatively sluggish in 2023 due to the long inventory rationalization, most vendors remained resilient despite the pressure of the market. Each vendor was active in investing and innovating in order to remain relevant in the supply chain. . In addition, IC design companies continue to cultivate technologies by leveraging the adoption of AI in client devices and automotive. With the gradual recovery of the global personal device market, there will be new growth opportunities, and it is estimated that the overall market will grow by 14% annually in 2024.

5: Demand for Advanced Processes in Foundry Industry Soars

The foundry industry has been affected by the inventory correction and weak demand environment, as capacity utilization rates dropped significantly in 2023, especially for mature processes technologies above 28nm. However, due to the rebound in demand for some consumer electronics and the demand for AI, 12-inch fabs have been recovering slowly in the second half of 2023, with the recovery of advanced processes being the most obvious. Looking forward to 2024, with TSMC, Samsung, and Intel's efforts, and the gradual stabilization of end-user demand, the market will continue to rise and it is expected that the global semiconductor foundry industry will grow in double-digits next year.