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Global chip sales rose 19.1% in 2024 and will hit double digit growth in 2025 thanks to AI | SIA
Global semiconductor chip sales rose 19.1% to $627.6 billion in 2024 and growth is expected to grow double-digit percentages in 2025.
The reason, of course, was spectacular demand for AI processors and memory, said John Neuffer, CEO of the SIA, the chip industry’s lobbying group, in an interview with GamesBeat. “Semiconductors enable virtually all modern technologies – including medical devices, communications, defense applications, AI, advanced transportation, and countless others – and the long-term industry outlook is incredibly strong.” “To keep America on top in chip technology, leaders in Washington should advance policies that promote semiconductor production and innovation, strengthen the high-tech workforce, and restore U.S. trade leadership.”
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