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Global chip sales forecast to jump 13% in 2024 —industry group

By Inquirer - 10 months ago
SAN FRANCISCO  —A surge in demand for artificial intelligence (AI) and a steady rise in automotive chips will help propel a rebound in global chip sales this year, according to an industry group‘s annual sales data released on Monday. The Semiconductor Industry Association (SIA) forecast a 13.1 percent jump in global chip sales to $595.3 billion, compared with a drop of about 8 percent in sales in 2023. “AI is a super strong market – I think of

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