Reported 12 months ago
According to a McKinsey report, the forecast maintains the estimate that the global semiconductor market sales will reach $1 trillion by 2030. The semiconductor industry is expected to grow annually at a rate of 6% to 8%, with an annual 2% increase in Average Selling Price (ASP). By 2030, computing and data storage are predicted to remain the largest semiconductor markets. The semiconductor sector is outperforming AI and technology indices, indicating that semiconductor companies are the real beneficiaries of the AI industrial revolution.
Source: YAHOO