Semiconductor Industry Outlook 2024. This year’s updated market valuation is estimated at us$520 billion, and the upward trend persists. Worldwide semiconductor revenue will grow to $526.5 billion in 2023, down 12.0% from $598 billion in 2022.

The consensus of financial analysts’ forecasts shows revenues of the top 10 chip producers rose by 44% year over year in the first quarter of 2024, with growth. The development of semiconductor production is expected to lag as plants come online and demand recovers.