Rebound Electronics Market Insights Q2 2024 - Flipbook - Page 5
enquiries@reboundeu.com
General Market Insight
Semiconductor Industry Market Outlook
Semiconductor Industry Gains Momentum in Q1 2024: IC Sales Surge 22%, Installed Capacity Exceeds
40 Million Wafers per Quarter
The global semiconductor manufacturing industry showed improvement in Q1 2024, with electronic sales
rising 1% year-over-year and IC sales surging 22%, according to SEMI's Semiconductor Manufacturing
Monitor (SMM) Report. Installed wafer fab capacity increased and is projected to exceed 40 million wafers per
quarter. Although memory utilization rates and capital expenditures remained conservative, a recovery is
anticipated in the second half of 2024 driven by demand for AI chips and high-bandwidth memory. The SMM
report, prepared with TechInsights, highlights trends and forecasts for the semiconductor industry, anticipating
stronger growth and a rebound in consumer and automotive markets later in the year.
IC Sales Projected to Recover Strongly by Q2 2024
IC Sales
$160
$140
$120
$100
$80
$60
$40
$20
$-
2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24
Memory IC Sales
Logic Sales
While both memory and logic IC sales experienced a dip from mid-2022 to early 2023, the market began to
recover by the end of 2023. Forecasts for Q1 and Q2 2024 indicate a robust rebound, with total IC sales
returning to early 2022 levels. This data suggests a positive outlook for the semiconductor industry, driven by
increasing demand and stabilizing market conditions, with strong performance expected in the near term.
5
REBOUND ELECTRONICS
Liaise with your account manager for more information.
