Semiconductor Industry Set for Rebound in 2024 Despite Lingering Challenges

After facing geopolitical tensions, pandemic disruptions, and a market glut in 2023, the semiconductor industry is poised for recovery with growth estimates ranging from 13% to 20% in 2024. Market experts foresee a balance in supply and demand, particularly in PCs and smartphones, while Gartner predicts a 17% global semiconductor revenue increase, driven by memory market rebound and advancements in generative AI. Despite the positive outlook,