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ARTICLE · 16 APRIL 2025

Semiconductor Industry: 2024 Year In Review

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Richard Casey, Program Development Group Operations Director, provides insights into what shaped the semiconductor industry in 2024.

United StatesTechnology
Richard Casey
Richard Casey

Richard Casey, Program Development Group Operations Director, provides insights into what shaped the semiconductor industry in 2024.

2024 was a rollercoaster year in the semiconductor industry, full of ups and downs, as well as huge buzz around the U.S. CHIPS Act and the EU Chips Act. There was growing optimism around the promise of globalizing the supply chain and creating a level playing field, which felt like it could position the industry on an upward trajectory .

However, towards the mid-year point, things took a turn. Intel's retrenchment was a big blow as they canceled major projects across the globe, shaking up the industry. Additionally, by the end of the year, people felt insecure with changes in the U.S. administration and the looming possibility of tariffs.

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