China's wafer foundry industry will generate US$13.22 billion in revenue in 2024, representing a 16% year-on-year growth, slightly exceeding the global growth rate of 14%. The revenue momentum of China's wafer foundry industry stabilized in 2024, supported by the availability of new production capacities and sustained customer demand driven by geopolitical factors and the ramp-up of inventory stocking for the consumer electronics supply chain in preparation for the shopping season in the second half of 2024, according to DIGITIMES

DIGITIMES Research, by synthesizing supply chain information, regional market conditions, and analyzing global political and economic trends, forecasts that global smartphone shipments will reach 1,181.4 million units in 2024, marking a growth of 4.9%. Looking ahead over the next five years, there is an anticipated demand for feature phone users in regions such as India, Southeast Asia, Latin America, and Africa to upgrade to smartphones, while the ongoing deployment and expansion of 5G networks in these markets are expected to further drive their smartphone shipments. DIGITIMES Research estimates that the global annual shipment growth rate will range between 3% and 4%, with a compound annual growth rate (CAGR) of 3.6%

In the third quarter of 2024, global notebook shipments (excluding detachable models) exceeded expectations, showing a 5.8% growth compared to the previous quarter, but the volumes are expected to slip in the fourth quarter, according to DIGITIMES Research's latest report covering the notebook industry in the second half of 2024

DIGITIMES Research estimates that global server shipments in the third quarter of 2024 grew by 4.3% compared to the previous quarter, surpassing its earlier forecasts, but because of the high base period built, the fourth-quarter shipments are expected to slip sequentially

The global wafer foundry industry will grow by a compound annual growth rate (CAGR) of 11.5% from 2024 to 2029, reaching US$270 billion, driven by AI and high-performance computing (HPC) applications that will gear up demand for advanced processes and advanced packaging making them the primary growth driver for the sector, according to DIGITIMES Research's latest report forecasting the global wafer foundry industry performance until 2029.

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