BAC · News · 20261022N

Semiconductor Demand Trends

BANK OF AMERICA CORP /DE/ · 2026-10-22 · Importance 39 · Surprise 64

South Korea expects semiconductor demand to remain stronger than available supply through at least 2027, despite ongoing capacity expansion by manufacturers. Gartner projects worldwide semiconductor revenue of $1.6 trillion in 2026, up 92% year over year, and nearly $1.9 trillion in 2027. Bank of America projects the global semiconductor total addressable market will nearly double from $1.7 trillion in 2026 to $3.2 trillion by 2030.