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.
The fierce competition in the display industry has prompted companies like AU Optronics (AUO), Innolux, and Qisda to diversify into the healthcare sector. These industry leaders will showcase their latest medical innovations at the Taiwan Healthcare+ Expo, running December 5-8 at the Taipei Nangang Exhibition Center, as they seek to establish footholds in the expanding medical market.
Microchip Technology announced plans to shut down its Fab 2 facility in Tempe, Arizona, as part of a broader restructuring effort amid declining revenue and persistent inventory challenges. The closure, scheduled for September 2025, will impact approximately 500 employees and marks a significant operational shift for the semiconductor manufacturer.