Omdia: Semiconductor market posts strong Q3, set for significant growth in 2024

LONDON, Dec. 12, 2024 /PRNewswire/ -- The global semiconductor market surged in Q32024, with revenues climbing 8.5% from the previous quarter to $177.8 billion, (from $163.8 billion) driven by the booming AI segment. This demonstrates a remarkable 25% year-over-year growth from $141.6 billion in Q32023, positioning the industry for an impressive 24% annual expansion according to Omdia's latest research.