1.*NAND Flash Market Growth*** The NAND Flash market is expected to witness a growth of 15-20% in the first quarter of 2024. Traders are expected to adjust their production strategies, which could add pressure if expected demand growth falls short, potentially leading to a moderation in the second half of 2024. While the North American market has yet to see a surge in demand, cloud service providers (CSPS) and server brands in China are increasing orders to keep the market buoyant [9].
2.*Expansion of China's semiconductor manufacturing capacity**: China's semiconductor manufacturing capacity is expected to double in the next 5 to 7 years. Currently, 22 fabs are under construction in China, with more planned to be built in the coming months by companies such as SMIC, Nexchip, CXMT and Silan. These expansions are expected to significantly increase China's production capacity in the mature semiconductor sector, although it is expected that China will still lag behind in advanced semiconductor production for at least the next decade [9].
3.*2024 Semiconductor Industry Outlook**: The semiconductor industry, including the interconnect and passive component segments, is expected to be in the second half of 2024**. In the first half of this year, it is still expected to face the challenge of excess electronic component inventory. Artificial intelligence (AI) is highlighted as an important influencing factor for the industry in 2024, with memory sectors such as DRAM and NAND Flash playing a key role in the market recovery [9].
These developments underscore the dynamic nature of the electronic components industry, shaping the future of the industry with significant growth, strategic expansion, and challenges.