IDC Forecasts Robust Growth for Semiconductor Industry in 2024 Amidst Global Demand Surge

IDC's research predicts a significant rebound for the semiconductor market in 2024, anticipating a 20% annual growth. The surge is attributed to the recovery in memory market prices, increased demand for AI-driven applications, and advancements in automotive semiconductor requirements. The report outlines eight trends, including the rise of AI in personal devices, a 22% CAGR in 2.5/3D packaging, and an expanded CoWoS supply chain to meet the