Agency: Global semiconductor sales in the second quarter reached US$149.9 billion!
According to WSTS data, the global semiconductor market reached $149.9 billion in the second quarter, up 6.5% from the previous quarter and up 18.3% from the same period last year.
Several semiconductor companies generally saw strong revenue growth in the second quarter of 2024, and only two of the top 15 companies (MediaTek and STMicroelectronics) saw revenue declines in the second quarter of 2024. The strongest growth was in memory companies, with SK Hynix and Kioxia growing more than 30% each, Samsung Semiconductor growing 23%, and Micron Technology growing 17%. The weighted average growth rate of the top 15 companies in the second quarter of 2024 compared with the first quarter of 2024 was 8%, with memory companies growing 22% and non-memory companies growing 3%.
Semiconductor companies see positive revenue expectations for the third quarter of 2024 and a bright future. AMD expects revenue to grow 15% quarter-on-quarter in the third quarter of 2024, thanks to strong growth in data centers and client computing. Micron said the memory boom will continue, with supply below demand, and expects growth of 12%.
Several companies, however, expect lower revenue growth of around 1% in the third quarter of 2024: Intel, MediaTek and STMicroelectronics. Intel blames excess inventory for the weak outlook. STMicroelectronics and NXP Semiconductors expect the automotive sector to improve in the third quarter of 2024, but inventory issues remain in the industrial sector. Texas Instruments expects strong performance in personal electronics. The weighted average revenue growth rate for the third quarter of 2024 for the nine non-memory companies that provided guidance is 5%.
According to multiple analysts, the global chip market growth rate in 2025 is between 11% and 15.6%. Forecasts for 2024 in the past few months ranged from 14.4% from the Cowan LRA model to 20.7% from Statista Market Insights. SC-IQ predicts a 17.0% growth in 2024, in line with Gartner's 17.4% and WSTS's 16.0%.
