Global chip market to hit $1 trillion by 2030: PwC
PwC's latest report forecasts that the global semiconductor market will grow from $627 billion in 2024 to $1.03 trillion by 2030, at an 8.6% CAGR. Growth will be driven by AI, automotive, healthcare, and renewable energy. Server chips are set to lead expansion, while geopolitical tensions and supply chain challenges reshape industry strategies worldwide.