The global semiconductor market is experiencing a strong recovery, with logic chips and storage chips leading the recovery. In June of this year, the World Semiconductor Trade Statistics Organization (WSTS) raised its forecast for the year-on-year growth rate of the global semiconductor market size in 2024 to 16.0%, an increase of 2.9 percentage points compared to the forecast made in November last year. According to the World Semiconductor Trade Organization, the global semiconductor market is expected to reach $611.231 billion in 2024, compared to $588.364 billion previously estimated.