The overall global market situation is gradually improving. In the first quarter of 2024, global semiconductor revenue reached $137.7 billion, a year-on-year increase of 15.2%, showing the industry's initial recovery trend. Most institutions predict the growth rate of the semiconductor market in 2024 to be between 13% and 20%, among which Semiconductor Intelligence forecasts 18%. This data indicates that the semiconductor industry is expected to maintain a strong growth momentum within the year. The following is an analysis of the future development trends of the semiconductor industry:

Capacity expansion: The global wafer fab forecast report released by SEMI points out that global semiconductor capacity is expected to grow by 6.4% in 2024, breaking through the milestone of 30 million pieces per month. This growth reflects the major semiconductor manufacturers' anticipation of a market demand rebound and corresponding capacity adjustments.

Technological advancement: With the continuous growth in global demand for artificial intelligence (AI) and high-performance computing (HPC), innovation in semiconductor technology is also advancing. This trend not only promotes progress in chip design and manufacturing processes but also drives the development of various links in the semiconductor industry chain, including memory, IC design, and packaging and testing.

Increased capital expenditure: It is expected that with the strong performance of the market, companies may increase their capital expenditures. This will further strengthen research and development capabilities, enhance production technology and efficiency, and meet the market demand for high-performance, low-power chips.

Expansion of application fields: The application fields of semiconductor technology are also constantly expanding, from traditional consumer electronics to automotive electronics, industrial automation, Internet of Things, smart cities, and more. The development of these emerging fields will bring new growth points to the semiconductor industry.

Intensified market competition: With the continuous progress of technology and the growth of market demand, competition in the global semiconductor market will become even fiercer. Semiconductor giants are actively planning to secure advantageous positions in future markets.

Impact of policy environment: Additionally, support policies for the semiconductor industry from governments around the world and changes in the international trade environment may also have a significant impact on the industry landscape.

In summary, Luo Liang, general manager of Shenzhen Sursemi Micro Technology Co., Ltd., stated: The semiconductor industry showed signs of recovery in 2024, with overall market expectations being positive. The expansion of capacity, advancement of technology, and increase in capital expenditure are all positive signals for the industry's development. However, fierce market competition and uncertainties in the international trade environment remind industry participants to closely monitor industry dynamics and timely adjust strategies to cope with potential market changes.