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Omdia: Semiconductor market posts strong Q3, set for significant growth in 2024
TTGTTechTarget(TTGT) Prnewswire·2024-12-12 16:16

Aggregate semiconductor revenue for the first three quarters of 2024 increased by 26% compared to the same period in 2023 – a 102billionincrease–accordingtoOmdia′sCompetitiveLandscapingToolreport.ThisgrowthwasfueledbystrongdemandforAIandrelatedsemiconductorcomponents.CliffLeimbach,SeniorAnalystatOmdia,stated,"ThehighdemandforAIissetting2024uptobearecord−breakingyear. Semiconductorrevenuefromthefirstthreequartersof2024,approximately102 billion increase – according to Omdia's Competitive Landscaping Tool report. This growth was fueled by strong demand for AI and related semiconductor components. Cliff Leimbach, Senior Analyst at Omdia, stated, "The high demand for AI is setting 2024 up to be a record-breaking year.  Semiconductor revenue from the first three quarters of 2024, approximately 494 billion, has alr ...