Sep. 16 at 1:53 AM
Bank of America analyst Vivek Arya expects the global semiconductor industry’s total addressable market to reach
$3.2 trillion by 2030, nearly doubling from an estimated
$1.7 trillion this year. The forecast comes as investors debate whether a potential slowdown in AI development could weaken chip demand, but Arya expects the industry’s longer-term growth trajectory to remain strong.
According to BofA, the expansion would be driven primarily by accelerating demand for memory chips and data-center infrastructure, while recoveries in the automotive and industrial semiconductor markets would provide additional growth. The outlook suggests that AI-related demand could remain an important catalyst for the sector even if spending growth becomes more disciplined.
BofA sees Micron as a potential leader if semiconductor momentum continues, while Lam Research and Applied Materials could benefit from increased investment in chip manufacturing equipment.
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