Semiconductor Equipment

Wafer shipments to grow significantly through 2024

20 October 2021
Wafer shipments are expected to grow to 16,000 millions of square inches by 2024 as chip demand increases. Source: SEMI

Global silicon wafer shipments are forecast to grow substantially in the coming years as semiconductor demand grows, most notably in the logic, foundry and memory sectors, according to trade organization SEMI.

Wafer area is planned to increase 13.9% year-over-year in 2021 to a record high of nearly 14,000 millions of square inches (MSI). Wafer area will continue to increase through 2024 until it reaches 16,000 MSI by this time.

“We are seeing a significant increase in silicon shipments driven by strong secular demand for semiconductors across multiple end markets,” said Inna Skvortsova, industry research and statistics market analyst at SEMI. “The growth momentum is expected to continue in the following years but could be tempered by the slowing pace of the macroeconomic recovery and timing of the wafer manufacturing capacity additions needed to meet growing demand.”

Silicon wafers are fundamental in the manufacturing of semiconductors, which are used in all electronics such as computers, telecommunications products and consumer devices. Increasing semiconductors are being included in the automotive industry as well as the internet of things, causing more demand for the chips.

Wafers are manufactured by fabs that are produced in diameters of up to 12 inches but also could be in 8 inch and 6 inch form factors.

The full research can be found in SEMI’s Worldwide Silicon Wafer Shipment Statistics.

To contact the author of this article, email

Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter
Find Free Electronics Datasheets