May 20, 2024 /SemiMedia/ -- According to the latest SEMI report, global quarterly wafer production capacity has exceeded 40 million wafers so far (calculated on 12-inch wafers). It has already grown by 1.2% in the first quarter of this year and is expected to grow by another 1.4% in the second quarter.

The report pointed out that global demand for artificial intelligence (AI) and high-speed computing (HPC) was strong in the first half of this year, and demand for consumer electronics is slowly recovering, but demand for automobiles and industry is declining. Overall, the semiconductor industry is recovering in the first half of this year, and is more likely to fully recover in the second half of the year

SEMI pointed out that global electronic product sales increased by 1% in the first quarter and are expected to increase by 5% in the second quarter; IC sales increased by 22% in the first quarter and are expected to increase by 21% in the second quarter; IC inventory levels have also stabilized in the first quarter and are expected to improve further this quarter.