TMTPOST — The global semiconductor market achieved a significant milestone in the second quarter of 2024, reaching a total market size of $149.9 billion, according to data from the World Semiconductor Trade Statistics (WSTS). This represents an 18.3% increase compared to the same period last year and a 6.5% rise from the first quarter of 2024. WSTS has revised its first-quarter forecast upwards by $3 billion, adjusting the year-over-year growth rate from the previously projected 15.3% to 17.8%. This upward revision underscores the strong performance and robust growth of the semiconductor industry, reflecting continued demand and expansion in this crucial sector.