Worldwide Semiconductor Market is expected to rebound strongly in 2024Looking ahead to 2024,the global semiconductor market is forecasted to surge by 11.8percent,amounting to US$576 billion.This expansion is anticipated to be primarily driven bythe Memory segment,which is projected to recover to US$120 billion in 2024,marking anover 40 percent increase compared to the previous year.Nearly all other key categories,including Discrete,Sensors,Analog,Logic,and Micro,are projected to exhibit single-digitgrowth.In terms of regional perspectives,all areas are expected to see sustained growth in 2024.Notably,the Americas and Asia Pacific regions are estimated to showcase robust double-digit year-over-year growth.WSTS Forecast SummarySpring 2023Amounts in US$MYear on Year Growth in%202220232024202220232024Americas141,136128,236150,98916.2-9.117.7Europe53.85357,25361,63712.86.37.7Japan48,15848,72452,53410.21.27.8Asia Pacific330,937280,881310,8383.5-15.110.7Total World -$M574.084515,095575.9973.3-10.311.8Discrete Semiconductors33,99335,90438,19212.05.66.4Optoelectronics43.90845.94945,8811.2-0.1Sensors21.78220,41021.57513.7-6.35.7Integrated Circuits474.402412,832470,3492.5-13.013.9Analog88.98383.90788.90220.1-5.76.0Micro79.07371.47075,855-1.4-9.66.1Logic176.578173,413185,26614.0-1.86.8Memory129.76784,041120.326-15.6-35.243.2Total Products-$M574.084515,095575,9973.3-10.311.8Note:Numbers in the table are rounded to whole millions of dollars,which may cause totals by region andtotals by product group to differ slightly.About WSTS:World Semiconductor Trade Statistics (WSTS)was founded in 1986 as a non-profitorganization of semiconductor product companies and is the industry's only source formonthly industry shipment statistics.For more information,please visit the WSTS web site at www.wsts.orgEditorial Contacts:For further information please consult the WSTS Administrator and CEO-Tobias Prottel(tp@wsts.org).2