Core Viewpoint - The global semiconductor market is expected to rebound significantly in 2024 with a growth rate of 19.7%, followed by a more cautious growth forecast of 12.7% in 2025 due to economic uncertainties [6][7][8]. Trade Policy Environment - Global trade tensions and policy uncertainties are anticipated to impact the global economy in 2025, with trade policies, technology export controls, tariffs, and supply chain restructuring being key factors [4][5]. Semiconductor Market Overview - The semiconductor market is projected to exceed $1 trillion by 2030, driven by ongoing demand in high-performance computing (HPC), AI, next-generation communications, automotive, and IoT applications [8][9]. - In 2024, the semiconductor market is expected to recover from inventory adjustments and see a double-digit growth of 19.7% [7][8]. Taiwan Semiconductor Industry - Taiwan's semiconductor industry is forecasted to grow by 15.4% in 2025, with wafer foundry services being a primary growth driver [10][11]. Capital Expenditure Trends - Global semiconductor capital expenditure is projected to reach $174.5 billion in 2024, with a steady growth of 4% expected in 2025 [27][30]. - Major players like TSMC, Samsung, and Micron are expected to maintain strong capital expenditures, focusing on advanced processes and memory technologies [31][32]. Equipment and Material Market - The global semiconductor equipment market is expected to grow by 10.2% in 2024, reaching $117.1 billion, with a further increase to $125 billion anticipated in 2025 [34][32]. - The semiconductor materials market is projected to grow by 7.4% in 2024, driven by the increasing complexity of chip manufacturing processes [35][38]. Memory Chip Market Dynamics - The memory chip market is expected to rebound significantly in 2024 with a growth rate of 76%, following a period of decline [45]. - DRAM manufacturers are facing intense competition, with advancements in technology and production processes being crucial for maintaining cost competitiveness [37][39][44].