Market Insights Q4 2024 Release - Report - Page 2
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General Market Insight
Semiconductor Supply Chain Q4 2024
The semiconductor and electronics industry experienced rapid advances driven by quantum computing and
innovative packaging technologies like 3D ICs and FOWLP, which enabled greater precision, miniaturisation, and
efficiency across various applications. Industry 5.0 further transformed manufacturing by emphasising human-robot
collaboration, creating sustainable and adaptive production environments.
Simultaneously, innovations in power electronics using wide-bandgap materials such as silicon carbide (SiC) and
gallium nitride (GaN) enhanced energy efficiency in electric vehicles, renewable energy systems, and industrial
automation. Additionally, the rising demand for AI, IoT, and 5G technologies accelerated the development of
advanced, low-power semiconductors, reshaping the industry’s landscape by Q4 2024.
2024 was a mixed year for the market, with artificial intelligence (AI) driving significant growth while other sectors
lagged. AI demand, particularly for accelerator chips and high-bandwidth memory (HBM), fuelled revenue for
companies like Micron, SK Hynix, Samsung, and Nvidia, while TSMC experienced a 30% boost in growth due to leadingedge manufacturing and advanced packaging.
However, the anticipated recovery in PC, mobile, and automotive markets did not materialize, as oversupply in the
automotive sector created inventory challenges that were expected to persist into 2025. Despite these hurdles, the
World Semiconductor Trade Statistics (WSTS) revised its 2024 growth forecast upward to 19%, driven primarily by AIrelated demand, underscoring the sector’s dominance in an otherwise uneven year.
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