HardwareSemiconductor sales rose to $166,000,000,000 in a single quarter this year thanks to all that demand for AI-crunching siliconWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
HardwareSemiconductor sales rose to $166,000,000,000 in a single quarter this year thanks to all that demand for AI-crunching siliconWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
(Image credit: Taiwan Semiconductor Manufacturing Co.)
The AI hype-train has been rolling for some time now, and shows no signs of slowing down. While public perception of AI tech continues to vary, the semiconductor market looks to be booming as a result of all that investment, as the Semiconductor Industry Association (SIA)has announcedthat global semiconductor sales increased 23.2% in the third quarter of this year compared to the same period in 2023.
That equates to up to $166 billion worth of revenue, with a reported $55.3 billion in sales recorded in September alone (viaWccftech).
SIA President and CEO John Neuffer said: “The global semiconductor market continued to grow during the third quarter of 2024, with quarter-to-quarter sales increasing at the largest rate since 2016.
This tracks withthe latest financial disclosures from TSMC, the worlds leading manufacturer of high-end chips. The Taiwanese company recently announced a third quarter revenue increase of 39% year-over-year, with third quarter revenue equating to $23.5 billion.
Certainly, Nvidia seems to be at the peak of the current semiconductor boom, as it’s once again overtaken Apple to sittop of the market cap table, with a current estimated value of $3.652 trillion. Demand for its new Blackwell enterprise GPUs has been immense, with industry titans like Amazon, Google, Microsoft and Oracle placing ordersin the tens of thousands.
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The cash is flowing, and the AI demand for high-end chips appears to be taking the semiconductor market to new heights. No boom lasts forever, of course, but these latest revenue figures show that it’s currently a very good time to be in the chip-making business for some.
Best CPU for gaming: Top chips from Intel and AMD.Best gaming motherboard: The right boards.Best graphics card: Your perfect pixel-pusher awaits.Best SSD for gaming: Get into the game first.
Best CPU for gaming: Top chips from Intel and AMD.Best gaming motherboard: The right boards.Best graphics card: Your perfect pixel-pusher awaits.Best SSD for gaming: Get into the game first.
Best CPU for gaming: Top chips from Intel and AMD.Best gaming motherboard: The right boards.Best graphics card: Your perfect pixel-pusher awaits.Best SSD for gaming: Get into the game first.
Best CPU for gaming: Top chips from Intel and AMD.Best gaming motherboard: The right boards.Best graphics card: Your perfect pixel-pusher awaits.Best SSD for gaming: Get into the game first.
Best CPU for gaming: Top chips from Intel and AMD.Best gaming motherboard: The right boards.Best graphics card: Your perfect pixel-pusher awaits.Best SSD for gaming: Get into the game first.
Best CPU for gaming: Top chips from Intel and AMD.Best gaming motherboard: The right boards.Best graphics card: Your perfect pixel-pusher awaits.Best SSD for gaming: Get into the game first.
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