Market Insights Q3 2024 V2 - Flipbook - Page 7
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General Market Insight
Semiconductor Industry Market Outlook
Global Semiconductor Manufacturing Industry Q2 2024 at a glance
The global semiconductor manufacturing industry in Q2 2024 showed notable improvement with significant growth in
integrated circuit (IC) sales and stable capital expenditure. A surge in demand for AI chips and high-bandwidth memory
(HBM) drove growth despite slower recoveries in some end markets. Key highlights include:
IC Sales Growth
IC sales saw a robust 27% year-over-year (YoY) growth in Q2 2024 and are projected to grow by 29% in Q3, surpassing
record levels of 2021.
Wafer Fab Capacity
Installed wafer fab capacity increased to 40.5 million wafers per quarter and is expected to grow 1.6% in Q3, driven by
advanced node developments in foundry and logic-related sectors.
Capital Expenditure
Despite a conservative start in 2024, semiconductor capital expenditures are expected to rise, led by a 16% increase in
memory CapEx in Q3, in response to growing AI chip demand.
Seasonality Impact
Electronics sales faced a 0.8% YoY decline in the first half of 2024 but are forecasted to rebound by 4% YoY in Q3 as
consumer demand recovers.
The SMM report also forecasts ongoing growth in the semiconductor manufacturing ecosystem, supported by AI and
HBM demand.
REBOUND ELECTRONICS
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