2024 semiconductor growth will push 20 percent

The semiconductor market will register high double-digit growth this year, according to a survey among four market researchers conducted by Semiconductor Intelligence (SI). The estimates for 2025 show slower but still strong growth, ranging from 11 to 15.6 percent.

Taking stock of the latest earnings season, SI notes “generally strong 2Q 2024 revenue gains versus 1Q 2024.” Of the top fifteen companies, only two – Mediatek and STMicroelectronics – saw revenue declines in Q2 2024. The strongest growth was from memory companies, with SK Hynix and Kioxia each up over 30 percent, Samsung Semiconductor up 23 percent and Micron Technology up 17 percent.

Nvidia hasn’t yet published Q2 earnings but will surely come out on top as the world’s largest semiconductor company by a large margin.