Global semiconductor sector expected to grow due to AI demand, new report says

Posted under: AI technologies
Date: 2024-10-29
Global semiconductor sector expected to grow due to AI demand, new report says

The global semiconductor industry is heading into a strong recovery phase, with revenue anticipated to reach $630 billion in 2024, a 19% rise over the previous year, as noted by the latest Gartner report. This growth trend follows a challenging 2023 and appears to be set for continued momentum, with projections estimating an additional increase to $717 billion by 2025.

Read more at: www.businessinsider.in