INSUBCONTINENT EXCLUSIVE:
The semiconductor industry experienced significant changes in 2024
Malaysia maintained its position as the top exporter to the United States.However, its market share declined over the past decade
Taiwan strengthened its second-place standing with a 27% year-over-year growth in exports.Vietnam emerged as a major player, climbing to
Israel made a remarkable leap in the rankings.Its semiconductor exports to the U.S
surged by 118.8% year-over-year
Semiconductor Import Rankings
Once fifth, it now occupies the eighth spot
Its exports grew by 72% over the past decade
market showed strong recovery signs in 2024
The World Semiconductor Trade Statistics (WSTS) projected a 16% growth for the year
This increase would bring the market value to $611 billion.Two integrated circuit categories drove this growth
Logic chips were expected to grow by 10.7%
Memory chips showed even stronger performance with a projected 76.8% increase.In addition, regional differences in growth patterns emerged
The Americas and Asia Pacific regions led with projected increases of 25.1% and 17.5% respectively.Europe showed marginal growth at 0.5%
Japan faced a slight decline of 1.1%
Memory and Logic sectors are expected to surpass $200 billion each
These shifts reflect broader changes in the global semiconductor landscape.Factors such as geopolitical tensions, supply chain disruptions,
and technological advancements played crucial roles
The industry continues to adapt to these challenges while pursuing innovation and growth.As of the first eight months of 2024, the top
exporters of semiconductors to the U.S
were:Malaysia: $8.24 billion (down 2.9% year-over-year)Taiwan: $6.95 billion (up 27%)Vietnam: $5.52 billion (up 30.9%)Thailand: $3.50
billion (down 13.3%)Israel: $2.87 billion (up 118.8%)South KoreaPhilippinesJapanMexico: $1.25 billionSingapore
