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AI powers record 2024 revenue, but automotive and industrial struggles linger

The semiconductor industry hit record heights in 2024, with revenues soaring 25% to $683 billion. Fueled by the AI revolution, high-bandwidth memory chips saw a remarkable 74% growth, propelling NVIDIA past Samsung to become the industry leader. The surge in AI-related technologies, particularly in data processing and memory segments, reshaped the market landscape. However, while AI segments flourished, automotive, consumer, and industrial sectors faced significant challenges.

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Exclusive download: The role of automotive semiconductors in the transition to EV's e-book

Semiconductors are driving the EV revolution, enabling smarter powertrains, digital systems, and advanced features. This e-book explores their growing role in electric vehicles and the transformation of the automotive industry.

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Upcoming webinar: Trade, Tech & Transformation: What’s Ahead for Manufacturing in 2025

Join our upcoming analyst webinar for a strategic look into what’s ahead for manufacturing in the second half of 2025 and beyond. We’ll examine the key drivers of change, from policy shifts to technological disruption, with a special focus on the automotive and semiconductor industries.

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Unlock semiconductor market opportunities with Omdia's competitive landscaping tool

Unlock the full potential of your semiconductor business with comprehensive market analysis. Track industry leaders, spot emerging trends, and benchmark against competitors with our extensive database covering 270+ companies. From quarterly updates to long-term forecasts across 140+ device categories, get the insights you need to drive growth.

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