The semiconductor market, which fell in the second half of 2023, is on a recovery trend in 2024
🟦 Semiconductor Market to Begin Full-Scale Recovery in Q1 2024!
According to SEMI, electronics and IC sales began to increase year-over-year in the fourth quarter of 2023 and are expected to continue growing in 2024.
The semiconductor market grew 10% year-on-year in the fourth quarter of 2023. This indicates that the semiconductor market, which declined in the second half of 2023, has turned to a recovery trend in 2024.
🟦 Growth in high-demand sectors such as data centers and automotives
After a decline in the second half of 2023, the semiconductor market is showing signs of recovery in 2024 due to improved demand and normalization of inventories. This is likely due to continued growth in sectors with high demand for semiconductors, such as data centers and automobiles, as well as the effectiveness of government support measures for the semiconductor industry.
Business Report Q1 2024
- Capital expenditures for memory are expected to increase by 10% year-over-year.
- Non-memory capital expenditures are expected to increase by 16% year-on-year.
- Fab occupancy is expected to improve from 66% to 70%.
🟦Summary
The semiconductor market, which fell in the second half of 2023, is on a recovery trend in 2024. This recovery is expected to continue throughout 2024. It shows that sectors with high demand for semiconductors, such as data centers and automotive, continue to grow.
Q1 2023 appears to have been the most sluggish period for the semiconductor market in the past year.
