April 22, 2025
2024 was a record-breaking year for the global semiconductor industry. According to data released by the Semiconductor Industry Association (SIA) and updated by the World Semiconductor Trade Statistics (WSTS), worldwide sales reached a total of $630.5 billion, marking a 19.1% increase over 2023.
Not only is this the highest annual figure ever recorded by the sector, but it’s also a clear indication of the growing importance of semiconductors in powering today’s leading technologies: artificial intelligence, medical devices, telecommunications, military applications, advanced mobility, and more.
Among product categories, logic circuits led sales with $212.6 billion, while memory chips showed the fastest growth, soaring by 78.9% to $165.1 billion. Notably, the DRAM segment posted a record 82.6% increase.
Geographically, the Americas saw the strongest growth with a 44.8% increase, followed by China (+18.3%) and the Asia Pacific/Other regions (+12.5%). On the downside, sales declined in Europe (-8.1%) and Japan (-0.4%).
In December 2024 alone, sales saw a slight overall dip (-1.2% compared to November), although the Americas still recorded a +3.2% monthly growth.
In the United States, domestic chip manufacturing capacity is expected to triple by 2032. The goal: to strengthen supply chains, meet growing global demand, and maintain the country’s technological leadership.
“To stay at the forefront of innovation, it’s essential for Washington to support policies that promote semiconductor production, research, workforce development, and global trade,” said John Neuffer, SIA President and CEO.
Projections for 2025 point to further double-digit growth, driven by expanding AI applications, industrial automation, and ongoing global digitalization. The semiconductor sector is solidifying its role as a cornerstone of technological and economic transformation.
