Since the beginning of this year, multiple countries have announced new industrial plans, all of which have prioritized the development of the semiconductor industry, which is in a period of economic recovery. Industry insiders predict that there will be strong demand for semiconductor chip products related to artificial intelligence applications, but whether the industry can truly recover remains to be seen. The Saudi sovereign wealth fund recently announced plans to make large-scale investments in the semiconductor industry this year, aiming to achieve economic diversification and gradually reduce dependence on oil. Saudi Minister of Communications and Information Technology Suwah stated in a media interview during the World Economic Forum that Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is considering a "substantial investment" in the semiconductor industry this year and plans to be led by leading companies in the industry. According to South Korean Radio International, South Korean President Yoon Seok yeol announced this week a semiconductor industry cultivation plan worth over 600 trillion won, proposing to invest approximately 622 trillion won and build 16 semiconductor production facility bases by 2047, led by companies such as Samsung Electronics and SK Hynix. The South Korean government has selected four key topics: infrastructure and investment environment, ecosystem, long-distance technology, and talent cultivation; We have also formulated investment promotion measures and expanded the scope of tax credits for semiconductor related facilities. The South Korean government has stated that it will enhance the competitiveness of the materials, components, and equipment industries and stabilize the semiconductor supply chain. Specifically, the plan is to increase the self-sufficiency rate of the supply chain from the current 30% to 50% by 2030, and drive the sales of 1 trillion Korean won enterprises from the current 4 to 10. To increase the current market share of system chips, which is only 3%, the South Korean government plans to cultivate semiconductor design enterprises. With multiple countries increasing investment in the semiconductor industry, industry insiders believe that driven by demand for artificial intelligence (AI) chips, the semiconductor industry with a production value of 600 billion US dollars is expected to usher in a turning point in 2024 and break free from the downturn in 2023. The Semiconductor Industry Association (SIA) of the United States recently stated that due to sluggish sales of personal computers and smartphones, global semiconductor sales are expected to decline by 9.4% year-on-year in 2023. However, semiconductor sales are expected to shift from contraction to growth in 2024, with an expected growth of 13.1%. The World Semiconductor Trade Statistics Organization (WSTS) recently raised its global semiconductor market sales forecast for 2024, predicting that global semiconductor revenue will reach $588.364 billion in 2024, with storage chip revenue expected to increase significantly by 44.8%, becoming the main driving force for semiconductor revenue growth. At present, consumer electronics products such as smartphones, laptops, and tablets have not yet fully emerged from their lows, but the wave of artificial intelligence (AI) development is changing the landscape of the storage chip market and bringing new opportunities to storage chip manufacturers. In order to cooperate with AI servers that require extremely high computing power, high-density storage (HBM) chips have become a "new favorite". In this product field, multiple semiconductor companies are expanding their HBM dedicated lines and significantly increasing the production capacity of HBM production lines. According to SemiAnalysis, a semiconductor research and consulting firm, it is expected that HBM will account for the entire market
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Economic Information Daily
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