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AI powers record 2024 revenue, but automotive and industrial struggles linger

The semiconductor industry hit record heights in 2024, with revenues soaring 25% to $683 billion. Fueled by the AI revolution, high-bandwidth memory chips saw a remarkable 74% growth, propelling NVIDIA past Samsung to become the industry leader. The surge in AI-related technologies, particularly in data processing and memory segments, reshaped the market landscape. However, while AI segments flourished, automotive, consumer, and industrial sectors faced significant challenges.

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Exclusive download: The role of automotive semiconductors in the transition to EV's e-book

Semiconductors are driving the EV revolution, enabling smarter powertrains, digital systems, and advanced features. This e-book explores their growing role in electric vehicles and the transformation of the automotive industry.

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Upcoming webinar: Trade, Tech & Transformation: What’s Ahead for Manufacturing in 2025

Join our upcoming analyst webinar for a strategic look into what’s ahead for manufacturing in the second half of 2025 and beyond. We’ll examine the key drivers of change, from policy shifts to technological disruption, with a special focus on the automotive and semiconductor industries.

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Unlock the full potential of your semiconductor business with comprehensive market analysis. Track industry leaders, spot emerging trends, and benchmark against competitors with our extensive database covering 270+ companies. From quarterly updates to long-term forecasts across 140+ device categories, get the insights you need to drive growth.

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