A report by market research firm Omdia predicts that the global chip market will surge to $683 billion by 2024, marking a year-on-year growth of 25%. This remarkable expansion is primarily fueled by the soaring demand for AI-related chips, particularly the High Bandwidth Memory (HBM). Despite the downturn in chip sales within the automotive, consumer, and industrial sectors, the robust demand for AI chips has effectively mitigated these adverse effects.
