Counterpoint Research's latest report forecasts that the global semiconductor industry's revenue will double between 2024 and 2030, soaring to $1.228 trillion. This remarkable growth is primarily attributed to the relentless advancement of AI technology. The ongoing development of generative AI infrastructure, coupled with substantial investments from hyperscale cloud service providers, has substantially fueled market demand for high-performance semiconductor products. In 2024, AI hardware is poised to dominate the market landscape, and by 2030, semiconductors related to servers are projected to emerge as the largest market segment. Numerous authoritative institutions concur that AI technology will remain a pivotal driver of growth within the semiconductor industry.
