The global semiconductor manufacturing industry in the second quarter of 2024 continued to show signs of improvement with significant growth of IC sales, stabilizing capital expenditure, and an increase in installed wafer fab capacity, according to a recent report published by SEMI in collaboration with TechInsights. While the slower recovery in some end markets impacted the pace of growth in the first half of this year, the surge in demand for AI chips and high bandwidth memory (HBM) created strong tailwinds driving industry expansion.