McClean Report January 2025: Global Economic and Semiconductor Industry Outlook
Explore how AI drives semiconductor growth! Global GDP grew 2.7% in 2024, with AI fueling a 17% rise in semiconductor sales for 2025.
Global economic activity increased at a reasonable 2.7% pace in 2024, avoiding a recession that many thought was imminent at the beginning of last year. Global GDP in 2025 is forecast to expand 2.8%, a fairly healthy outlook in light of some economic, financial, and political headwinds facing the worldwide economy. Artificial intelligence (AI) is now the most important revenue driver for semiconductor growth. Relentless demand for AI-processors and high bandwidth memory (HBM) devices provided the stimulus that sparked 22% semiconductor industry growth in 2024 and is projected to lift worldwide semiconductor sales 17% in 2025.