Market Insights Q4 2024 Release - Report - Page 3
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General Market Insight
Semiconductor Industry Market: 2024
2024 Semiconductor Equipment Market: Growth Driven by Logic and Advanced Packaging Amidst Geopolitical
Challenges
The semiconductor equipment market had been projected to achieve 8% to 10% growth in 2024, driven primarily by
logic, foundry, and advanced packaging equipment, especially for high-bandwidth memory (HBM) production.
Strong sales to China, which accounted for 30% to 40% of US chipmaking equipment manufacturers’ revenues , had
been pivotal, though sanctions were expected to reduce China's share to 20%-30% in 2025.
Capital expenditures (capex) for AI were anticipated to surpass 2024’s $250 billion, despite rising tariffs on non-U.S.manufactured chips, which potentially increased costs for Nvidia, AMD, Apple, and Intel.
While Taiwan's TSMC had expected minimal impact from tariffs, laptop sales were forecast to grow 4.9% in 2025,
driven by Windows 10 upgrades rather than AI-specific demand. Non-AI applications were expected to recover in
late 2025, benefiting fabs and equipment makers, while automotive and industrial sectors projected flat or lower
growth, aligning with WSTS’s 11.2% growth forecast led by advanced logic and memory.
REBOUND ELECTRONICS
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