The semiconductor chip market will maintain growth in 2024.
Driven by demand for chips and storage for AI applications, global semiconductor revenue is expected to reach $600 billion, up 17%, and will further resume growth 12. Of these, the United States dominates with a share of about 60%, followed by South Korea with a share of 12%. Due to the recovery of the storage market in 2024, South Korea's industry share will increase to 16%1. In addition, overall shipments of servers, notebooks, and PCS will increase, as will shipments of AI devices, driving additional demand for related chips1.