Clark Tseng, the Senior Director of Industry Research at SEMI, has upwardly revised the growth forecasts for the semiconductor sector. He emphasized that artificial intelligence (AI) has revolutionized the industry's growth path. Initially, projections indicated that the global semiconductor output value would hit US$1 trillion by 2030. Nevertheless, the current forecast suggests that the market size will surpass US$1.5 trillion this year alone, with expectations to climb beyond US$2 trillion by 2030. Presently, there is a strong and widespread demand across various segments, including chips, equipment, testing, advanced packaging, and materials markets.
