
AI and Electric Vehicles to Influence Semiconductor Industry in 2024
By Shubhendra Anand , 08 March, 2024
The semiconductor industry is rapidly growing due to the increasing demand for chips in tech and other sectors. Artificial intelligence is pivotal in increasing the semiconductor chip requirement in the market. Experts' analysis of the semiconductor industry shows that artificial intelligence will progress in the different market sectors, indicating a more prominent need for semiconductor chips in 2024.
The market conditions in 2023 have different scenarios in the semiconductor industry. Due to numerous supply chain disruptions, the semiconductor industry faced many problems in 2023. However, in 2024, the supply of semiconductors is expected not to be disturbed by geopolitical issues. Instead, the semiconductor industry will explore different solutions with good harmony and robust security of global supplies in 2024. The rise in the use of semiconductors has resulted from a growing demand for semiconductor chips in the automotive sector, computers, and others. The semiconductor industry has faced many difficulties due to supply chain disruptions in recent years. Therefore, the semiconductor industry will pick up the pace from the beginning of 2024 to adjust the continuous supply process. The domestication of chip manufacturing and the increased number of semiconductor chip-producing centers will ensure a constant supply globally in 2024.
Based on the surveys, Nvidia stands to be the top leader in the semiconductor industry for 2023. It is expected to continue to be in the highest position for 2024 with the growing demands of artificial intelligence. Nvidia plans to launch the most awaited chip, H100, in 2024, which will impact the company's sales to rise to 18 billion. Broadcom, Samsung, and others follow it as the leading companies in the semiconductor industry. The increased number of AI applications and growing demand for electric vehicles increase the need for semiconductors. Various applications of semiconductors are also based outside the memory products heavily affected by artificial intelligence. Hence, the demand for semiconductor chips tends to grow in 2024 in both memory and non-memory products per market needs.
Top 10 Semiconductor Industries in the Market

Latest News

The sector needs to reduce its environmental impact while addressing the growing demand for air travel, as it currently represents about 2.5% of global energy-related CO2 emissions by the end of 2025. Sustainable Aviation Fuels (SAFs) are essential…

Microsoft revealed at the Microsoft AI Tour in Bengaluru in January 2025, announcing a $3 billion investment to support cloud and AI infrastructure in India over the next two years. This action supports India's growing digital economy and fits its…

Biodiversity across the world is under crippling threats, and according to a report published in 2025, enormous stress is being induced on different ecosystems around the world. The report explains that almost all Key Biodiversity Areas (KBAs) in the…

The aluminum sector of the US economy is facing significant shifts in the operational landscape due to reinstating the 25% tariff on aluminum imports starting March 12, 2025. This change follows a prolonged suspension of tariffs on Canada and Mexico…

The collaboration between the United States of America and Ukraine is set to become more pronounced in the critical minerals industry in 2025. It is projected to disrupt global supply chains and enhance the economic resilience of Ukraine within the…

Head Research
Latest News




