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SAN MATEO, CA – The IDC has raised its 2024 semiconductor revenue outlook from $625.9 billion to $632.8 billion, and predicts the US market will remain resilient from a demand standpoint and China will begin recovering by the second half of 2024.

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MILPITAS, CA – The global semiconductor manufacturing industry is on track for recovery in the fourth quarter, setting the stage for continued growth in 2024, SEMI announced in its latest publication of the Semiconductor Manufacturing Monitor Report, prepared in partnership with TechInsights.

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