The Americas market is strong with a 32.4% increase
🟦 Global semiconductor market up 16% year-on-year in April
In April 2024, the global semiconductor market grew by 15.8% year-on-year to $46.4 billion. It also increased by 1.1% month-on-month, marking the first month-on-month growth since the beginning of this year. The U.S. market performed particularly well, with a strong growth rate of 32.4% year-over-year.
🟦Driven by AI demand
Increasing Demand for AI: As the demand for AI-powered products increases, the demand for semiconductors, such as AI chips, is also increasing.
Recovery in the Americas Market: The recovery in the Americas economy has increased the demand for semiconductors.
🟦Summary
The global semiconductor market grew 15.8% year-over-year to $46.4 billion in April 2024, marking the first month-over-month growth this year. The Americas market led the strong performance with a 32.4% increase, and the market was also supported by an increase in AI demand.
