October 30, 2023 /SemiMedia/ -- According to SEMI's report, global silicon wafer shipments are expected to decline 14% in 2023, to 12,512 million square inches (MSI) from the record high of 14,565 MSI in 2022 before bouncing back in 2024 as wafer and semiconductor demand recovers and inventory levels normalize. Continued weakness in semiconductor demand and challenging macroeconomic conditions are driving the decline in 2023.

SEMI: Global silicon wafer shipment growth to rebound in 2024 after decline in 2023-SemiMedia

Momentum from the 2024 rebound is expected to continue through 2026, with wafer shipments setting new highs as silicon demand increases to support artificial intelligence (AI), high-performance computing (HPC), 5G, automotive and industrial applications.

For more information, please visit https://www.semi.org/en/products-services/market-data/materials/si-shipment-statistics.