AI to Lead Semiconductor Upturn in 2024

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15 Feb 2024

The global semiconductor industry’s revenue declined by 8.8% in 2023 due to a slowdown in enterprise and consumer spending, according to Counterpoint Technology Market Research.

The overall 2023 semiconductor revenue rankings saw some big changes from 2022, such as Intel reclaiming the top spot from Samsung as the latter suffered a lot from the memory sector downtrend as well as lackluster smartphone business.

AI provided positive news to the semiconductor industry, emerging as a key content and revenue driver, especially in the second half of the year. NVIDIA appeared to be the largest beneficiary, followed by AMD. Both will be growing their AI-related businesses in the coming years.

Read more:
https://www.eetasia.com/ai-to-lead-semiconductor-upturn-in-2024/