Revenues Continue to Rise on Mixed Performance, with a New Record High Expected in 2025
San Diego, CA, November 20, 2024: TECHCET— the advisory firm providing materials market information for materials supply chains & markets — has increased their latest forecast for total semiconductor revenues in 2024, now expected to gain nearly 13% over 2023, reaching > $617B. Although 2024 was an improvement over 2023 revenues, it fell short of market expectations. Fortunately, 2025 is forecasted to be a gangbuster year with 27% growth. This upshoot will be driven by continuing stellar growth in high performance computing and data center-related leading-edge products in addition to an upturn in demand from all other applications.
Materials suppliers currently report that sales from both the leading-edge logic and advanced memory sectors are improving. However, the remainder of the industry remains mixed, with steps being taken to mitigate the softened underlying demand and reduce the excess inventories that have resulted from a more sluggish performance in the broader industry than expected. Silicon wafers had been hit particularly hard, with smaller diameter wafers experiencing extreme softness. Nonetheless, larger diameter (300mm) wafer revenue has witnessed improvements largely on more desirable product mix.
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ABOUT TECHCET: TECHCET CA LLC is an advisory services firm expert in market and supply-chain analysis of electronic materials for the semiconductor, display, solar/PV, and LED industries. TECHCET offers consulting, subscription service, and reports, including the Critical Materials Council (CMC) of semiconductor fabricators and Data Subscription Service (DSS). For additional information, please email us here, call +1-480-382-8336, or go to www.techcet.com.