The World Semiconductor Trade Statistics (WSTS) has issued an optimistic outlook for the semiconductor industry, revising its 2024 predictions upward. The forecast anticipates a robust 19.0% growth compared to 2023 in the sector, with the global market value expected to reach US$627 billion. This positive adjustment is attributed to better-than-expected performances in the second quarter and the third quarter of 2023, especially within the computing sector.
Since late August, China’s “trade-in” policy has gradually revitalized demand for LCD TV panels, easing the decline in prices. As a result, global TV shipments are expected to see slight growth in 2024. Reports suggest that China’s subsidies may continue through 2025, potentially driving further demand for LCD panel restocking.