Global Semiconductor Update 2024 Q1 Trends and Forecast

TapTechNews June 7 news, the latest data released by the Semiconductor Equipment and Materials International (SEMI) shows that in the first quarter of 2024, the global semiconductor equipment purchase amount was 26.4 billion US dollars (TapTechNews note: currently about 191.376 billion RMB yuan), a 2% decrease year-on-year.

SEMI President and CEO Ajit Manocha pointed out that although the global semiconductor equipment sales slightly decreased, the industry still maintains strong resilience. He said: 'Strategic investment and the demand for advanced technologies will drive the semiconductor equipment market to resume growth'.

In the first quarter of the Chinese market, the sales reached 12.52 billion US dollars (currently about 90.758 billion RMB yuan), a sharp increase of 113% compared to the same period last year, continuing to hold the position of the world's largest chip equipment market for the fourth consecutive quarter.

On the other hand, the World Semiconductor Trade Statistics (WSTS)上调了 its spring 2024 forecast on June 4, expecting the global semiconductor market to grow by 16% year-on-year, which reflects the strong performance in the past two quarters, especially in the computing terminal market. The updated 2024 market valuation is 611 billion US dollars.

According to WSTS' data, it is expected that logic devices (a year-on-year increase of 10.7%) and memory (a year-on-year increase of 76.8%) will drive growth with double-digit increases in 2024. In addition, other categories such as discrete devices, optoelectronics, sensors, and analog semiconductors are expected to show single-digit declines.