Global Semiconductor Manufacturing Industry Strengthens in Q2 2024, SEMI Reports

MILPITAS, Calif., Aug. 19, 2024 /PRNewswire/ -- The global semiconductor manufacturing industry in the second quarter of 2024 continued to show signs of improvement with significant growth of IC sales, stabilizing capital expenditure, and an increase in installed wafer fab capacity, SEMI announced today in its Q2 2024 publication of the Semiconductor Manufacturing Monitor (SMM) Report, prepared in partnership with TechInsights. While slower recovery in some end markets impacted the pace of growth in the first half of the year, the surge in demand for AI chips and high bandwidth memory (HBM) created strong tailwinds driving industry expansion.

Seasonality and weaker than expected consumer demand impacted electronics sales in the first half of 2024 resulting in a 0.8% decrease year-over-year (YoY). Starting Q3 2024, electronics sales are forecast to see a rebound, growing 4% YoY and 9% relative to Q2 2024. IC sales showed robust 27% YoY growth in Q2 2024 and are further expected to surge 29% in Q3 2024, surpassing record levels seen in 2021 as the AI-fueled demand continues to boost IC sales growth. Improved demand also led to a 2.6% decline YoY in IC inventory levels in the first half of 2024.

Installed wafer fab capacity reached 40.5 million wafers per quarter (in 300mm wafer equivalent) in Q2 2024 and is projected to rise 1.6% in Q3 2024. Foundry and Logic-related capacity showed stronger growth in Q2 2024 at 2.0% and is projected to increase 1.9% in Q3 2024 driven by capacity build-up for advanced nodes. Memory capacity increased 0.7% in Q2 2024 and is forecast to see 1.1% growth in Q3 2024 supported by strong demand for HBM and improving memory pricing conditions. All regions tracked saw installed capacity increases in Q2 2024 with China remaining the fastest growing region despite mediocre fab utilization rates.

Semiconductor capital expenditures remained conservative in the first half of 2024 resulting in a 9.8% decrease YoY. The trend is expected to turn positive starting in Q3 2024 in response to the growing demand for AI chips and rapid adoption of HBM with memory CapEx leading the growth at 16% quarter-on-quarter (QoQ) while non-memory related capital expenditures increase by 6% QoQ.

"Despite moderate semiconductor capital expenditures in the first half of the year, we expect a positive trend to begin in Q3 2024 led by memory CapEx," said Clark Tseng, Senior Director of Market Intelligence at SEMI. "Strong demand for AI chips and high bandwidth memory is boosting results in various segments of the semiconductor manufacturing ecosystem."

"The entire semiconductor supply chain is recovering this year as the market prepares for a surge in 2025," said Boris Metodiev, Director of Market Analysis at TechInsights. "AI is certainly continuing to drive high value ICs to the market, while also supporting CapEx for capacity expansion of AI chips and especially HBM. As consumer demand recovers, and new technologies like AI are pushed to the edge, unit volumes and especially revenues will recover and support the broader semiconductor manufacturing sector."

The Semiconductor Manufacturing Monitor (SMM) report provides end-to-end data on the worldwide semiconductor manufacturing industry. The report highlights key trends based on industry indicators including capital equipment, fab capacity, and semiconductor and electronics sales, and includes a capital equipment market forecast. The SMM report also contains two years of quarterly data and a one-quarter outlook for the semiconductor manufacturing supply chain including leading IDM, fabless, foundry, and OSAT companies. An SMM subscription includes quarterly reports.

Download a sample Semiconductor Manufacturing Monitor report. 

For more information on the report or to subscribe, please contact the SEMI Market Intelligence Team at mktstats@semi.org. Details on SEMI market data are available at SEMI Market Data.

About SEMI

SEMI^® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON^® expositions and events, technology communities, standards and market intelligence help advance our members' business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.

Association Contact
Samer Bahou/SEMI
Phone: 1.408.943.7870
Email: sbahou@semi.org

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Global Semiconductor Manufacturing Industry Strengthens in Q2 2024, SEMI Reports

Global Semiconductor Manufacturing Industry Strengthens in Q2 2024, SEMI Reports

SETOUCHI, Japan, March 11, 2025 /PRNewswire/ -- The Setouchi region of Japan, made famous to an international audience by Donald Richie's exceptional The Inland Sea — a travelogue which has inspired millions since its release in 1971, is a thriving cultural cornucopia. Comprising several prefectures, Setouchi is a stunning landscape and location to explore while traveling in Japan.

Hyogo Prefecture
Kobe Beef and Kobe Beef Gallery
Kobe beef is known as one of the three major types of wagyu beef in Japan. Kobe beef is, ostensibly, a title given to beef carefully selected from cattle named "Tajima beef." Tajima beef, which is the root of brand beef, is judged after it becomes a carcass. Subsequently, an examination is conducted before it is put up for market auction, with only those that meet the very strict examination standards set by the Kobe Beef Marketing & Distribution Promotion Association being certified as Kobe beef. A true culinary treat for carnivores, it should be on everyone's gastronomic radar. For fans of Kobe beef, The Kobe Beef Gallery is a facility that introduces its global appeal. Inside the museum, there are a wide variety of exhibits, including models, panels, and videos, and visitors can learn about the characteristics and production process of Kobe beef. In addition, visitors can taste and experience its quality while enjoying a meal.
https://kobebeef.gallery/

Yamaguchi Prefecture
Nagato Yumoto Onsen and Otanisanso Bettei Otozure
Nagato Yumoto Onsen, with a 600-year history, is a renowned hot spring once visited by samurai. Dubbed "Osoto Tengoku" (Outside Heaven), this area is perfect for exploration, offering picturesque pathways that lead to the soothing waters of ONTO ONSEN. Otanisanso Bettei Otozure, a luxury ryokan with 18 sumptuously designed rooms, features open-air hot spring baths and a Michelin-starred restaurant. Imbued in nature, these facilities, then, offer a serene retreat steeped in Japan's hot spring culture.
https://yumotoonsen.com/

Tokushima Prefecture
Awa Ai indigo-Dyeing Experience
The Aizumicho Historical Museum, "Ai-no-Yakata," showcases the history and techniques of Aizome (indigo dyeing), a traditional craft of Tokushima Prefecture. Indigo dyeing relies on the region's clean water, and the museum preserves this heritage. Visitors can try Aizome and create distinctive pieces in a 40-minute session, with no reservations needed for individuals or small groups. This hands-on experience offers a rare chance to explore Tokushima's rich history and craftsmanship. By participating, visitors gain insight into the deep cultural significance of Aizome and its traditional techniques, making it a unique and accessible cultural experience.
https://shikoku-guide.com/en/information/ainoyakata/

Ehime Prefecture
Castle Overnight Stay Experience
Ozu Castle Stay offers Japan's first opportunity to stay in a fully restored castle keep, fusing history with luxury. Guests can immerse themselves in samurai culture through the "Lord of Ozu Castle" experience, dressing in armor and reenacting scenes from the era of Sadayasu Kato. The surrounding castle town retains its Edo-period charm, with highlights like Garyu Sanso, a historic villa with a serene garden along the Hiji River. This stay offers a rare blend of history, nature, and tradition.
https://castlestay.ozucastle.com/en/home

About Setouchi DMO:
The Setouchi DMO highlights the beauty, culture, and experiences of seven prefectures surrounding the Seto Inland Sea. It connects travelers with local events, and accommodations, promoting traditional culture, scenic landscapes, and regional cuisine while supporting local economic revitalization.

CONTACT: https://www.setouchi.travel/en/

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Setouchi: A Vibrant Hub of Culture, Cuisine, and Experiences