2024 silicon wafer shipments fell 2.7% to 12,266 million square inches while wafer revenue contracted 6.5% to $11.5 billion, according to the SEMI Silicon Manufacturers Group (SMG).

2024 silicon wafer shipments fell 2.7% to 12,266 million square inches while wafer revenue contracted 6.5% to $11.5 billion, according to the SEMI Silicon Manufacturers Group (SMG).

In the second half of 2024, worldwide silicon wafer demand started to recover from the industry downcycle seen in 2023 , and the recovery is expected to continue into 2025 with stronger improvements toward the second half of the year.

 

“Generative AI and new data-center construction has been a driver for the most advanced foundry and memory devices such as High Bandwidth Memory (HBM), but most other end markets are still recovering from excess inventory,” said Lee Chungwei (李崇偉), Chairman of SEMI SMG and Vice President and Chief Auditor at GlobalWafers. “As noted by many customers in their earnings statements, the industrial semiconductor market is still in a strong inventory correction, and this has impacted silicon wafer shipments worldwide.”