Demand for AI-related technology is at a peak amid a relatively slow recovery for the semiconductor foundry industry, according to Counterpoint Research, which expects the situation to continue through the rest of this year.
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Foundry companies overall saw revenue rise 12 percent year over year in the first quarter of 2024 — no monetary value was given — but it was also down 5 percent from the previous quarter, giving a mixed picture.
According to Counterpoint, this was not solely due to seasonal effects, but reflected a slower recovery in demand for non-AI semiconductors, and this trend covered a number of sectors such as smartphones, consumer electronics, IoT, automotive and industrial applications.
TSMC, which previously reported revenue rose 16.5 percent for the first quarter, is said to have revised down its estimate for growth in the logic semiconductor industry from more than 10 percent to 10 percent for the rest of this year.
