#globalchipdemand
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The global semiconductor industry is seeing a strong rebound after last year's downturn. Sales rose 15.2% year-over-year in January 2024, reaching $47.6 billion. This growth is largely driven by increasing demand for AI-related components, especially GPUs. Companies like TSMC and Samsung are expanding their advanced packaging capacities in Japan to support future AI and chip advancements, contributing to the global recovery. The industry, however, still faces challenges from lingering inventory overhang, though improvements are expected through 2024. https://t.ly/2jokn
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