By early 2025, analysts from the SIA association had gathered and summarized global semiconductor sales data for the previous year. The total revenue for 2024 grew by 19.1%, reaching a record $627.6 billion.
In the fourth quarter alone, revenue increased by 17.1% year-over-year and by 3% sequentially, reaching $170.9 billion. However, December saw a slight decline of 1.2% compared to November, bringing in $57 billion. Despite this monthly dip, December’s year-over-year revenue still showed a strong 17.1% increase.
Regional and Product Category Trends
Among macro-regions, the Americas led with a 56.3% revenue surge to $20 billion. Experts predict that by 2032, the U.S. will triple its semiconductor production capacity. Europe, however, experienced an 8.6% decline to $4.2 billion, while Japan saw a 4.1% increase to $4 billion. Even China, despite external sanctions, managed a 2.6% growth in December, reaching $15.5 billion. The Asia-Pacific region and other countries collectively grew by 7.6% to $13.3 billion.
Breaking down by product category, logic components accounted for $212.6 billion in revenue. The memory segment followed, reaching $165.1 billion, with an impressive 78.9% growth. This surge was driven by rising prices and increasing demand for high-bandwidth memory (HBM) chips. DRAM, in particular, led in growth, with an 82.6% revenue increase.
SIA representatives expect semiconductor revenue to continue growing at double-digit rates in 2025, adds NIX Solutions. Given the ongoing demand for advanced chips, further market expansion seems likely. We’ll keep you updated as new developments unfold.