Synopsis
New Delhi sees a remarkable recovery in the semiconductor sector as revenue reaches $626 billion in 2024, up 18.1% from the previous year. Expectations for continued growth are set at $705 billion in 2025, driven by memory and non-memory segments.Key Takeaways
- The global semiconductor industry rebounded strongly in 2024.
- Total revenue reached $626 billion, marking an 18.1% increase.
- Samsung Electronics regained its position as the top vendor.
- Nvidia saw a remarkable 84% growth in revenue.
- Demand for high-bandwidth memory significantly boosted sales.
New Delhi, Feb 3 (NationPress) The global semiconductor sector experienced a significant resurgence in 2024, with total revenues reaching $626 billion, marking an 18.1% increase compared to the previous year, according to a report released on Monday.
This upward trend is anticipated to persist, with forecasts suggesting that semiconductor revenues will rise to $705 billion in 2025, as per findings from Gartner.
While the memory segment dominated the market, revenue from non-memory semiconductors also grew by 6.9% in 2024, constituting 74.8% of the total industry revenue.
The report indicated that among the leading 25 semiconductor firms, 11 achieved double-digit revenue increases, while only 8 faced declines.
Samsung Electronics regained its status as the world’s largest semiconductor vendor, surpassing Intel.
The South Korean tech leader saw a notable recovery in memory prices, resulting in a revenue boost to $66.5 billion in 2024.
Conversely, Intel fell to the second position as its AI PCs and Core Ultra chipset did not deliver substantial results.
Intel’s semiconductor revenue was largely unchanged, with a mere 0.1% growth in 2024.
Nvidia continued its remarkable ascent, securing the third position after a staggering 84% increase in semiconductor revenue, reaching $46 billion.
The company’s robust presence in artificial intelligence (AI) technologies significantly contributed to its growth, allowing it to move up two positions in the global rankings.
The memory sector was pivotal in the expansion of the semiconductor industry, with revenues skyrocketing by 71.8% in 2024.
DRAM revenue surged by 75.4%, while NAND revenue also increased by 75.7% year-over-year.
A key driver of this growth was the rising demand for high-bandwidth memory (HBM), which played a crucial role in boosting DRAM sales.
HBM accounted for 13.6% of total DRAM revenue in 2024, and this share is projected to grow to 19.2% in 2025.
