Market Insights Q3 2024 V2 - Flipbook - Page 8
enquiries@reboundeu.com
General Market Insight
Semiconductor Industry Market News
Intel Falls Behind as Nvidia and AI Demand Dominate U.S. Semiconductor Market in Q3 2024
In Q3 2024, Nvidia surged ahead of Intel in semiconductor revenue, driven by the high demand for AI processors, while
memory chip makers like SK Hynix and Samsung benefited from strong AI-related sales. Broadcom also outperformed
Intel, thanks to its diversified semiconductor and software portfolio. Additionally, the U.S. strengthened its semiconductor
industry through a new partnership with India, aimed at building a national security-focused chip fabrication plant
Europe’s Semiconductor Industry Thrives in Q3 2024 Amid Global Slowdown
In Q3 2024, Europe's semiconductor industry made significant strides, highlighted by TSMC’s new $3.9 billion plant in
Dresden, Germany, aimed at boosting Europe's chip production for the automotive sector. The region outpaced the U.S.
and Asia in market growth, even as other regions experienced declines. Major European companies like Infineon and
STMicroelectronics continued to innovate, focusing on next-generation technologies like silicon carbide and gallium
nitride, essential for electric vehicles and renewable energy. Additionally, ASML's advanced lithography systems are
positioning Europe at the forefront of cutting-edge chip development
India's Semiconductor Ambitions Surge in Q3 2024 with Major Investments and Global
Partnerships
In Q3 2024, India has made significant strides in its semiconductor industry, driven by several high-profile
investments and government-backed initiatives. One of the major developments includes the construction of India's
first semiconductor wafer fabrication plant in Dholera, Gujarat, a $10.9 billion joint venture between Tata
Electronics and Powerchip Semiconductor Manufacturing Corporation (PSMC) from Taiwan. This plant aims to
produce chips for various applications including automotive, AI, and communications.
Additionally, India is expanding its semiconductor testing and packaging capacity with new Outsourced
Semiconductor Assembly and Test (OSAT) facilities in Morigaon, Assam, and Sanand, Gujarat. These facilities, set up
in partnership with global players like Renesas (Japan) and Stars Microelectronics (Thailand), are expected to
produce millions of chips per day.
Through the Semicon India Mission, the government has committed over $9 billion to create a robust
semiconductor ecosystem, offering financial incentives and infrastructure support to attract both domestic and
foreign players.
India's ambition is to secure a place among the top five semiconductor manufacturing countries by 2029
REBOUND ELECTRONICS
Liaise with your account manager for more information.
7
