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Home -News -Latest News -The global consumer electronics market is expected to reach $815.16 billion in 2024

The global consumer electronics market is expected to reach $815.16 billion in 2024

Release date:2024-08-09Author source:KinghelmViews:1171

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This image was generated by AI smart robots from Kinghelm and SLKOR

 

International News

1. Recently, market research firm Canalys released a report indicating that global smartphone shipments reached 288.9 million units in Q2 2024, marking a 12% year-on-year increase.

2. SK Hynix has signed a non-binding preliminary memorandum with the U.S. Department of Commerce. The U.S. advanced packaging plant of SK Hynix will receive up to $450 million in direct subsidies and $500 million in loans.

3. The global consumer electronics market size was $773.4 billion in 2023, with projections to grow from $815.16 billion in 2024 to $1.46794 trillion by 2032, reflecting a compound annual growth rate (CAGR) of 7.63% over the forecast period.

4. According to SIA, the total global semiconductor industry sales amounted to $149.9 billion in Q2, 2024, representing an 18.3% increase compared to Q2 2023.

5. Shenzhen SlkorMicro Semiconductor Co., Ltd. has been awarded the “Top Ten Domestic Brand” title by Viku Electronic Market Network.

6. Intel’s first products based on the Intel 18A process node—the AI PC client processor Panther Lake and the server processor Clearwater Forest—have completed initial production and successfully booted the operating system.

 

China News

1. The “Guiding Opinions on Regulating Central Enterprise Procurement Management” have been released, encouraging central enterprises to take the lead in adopting domestic chips.

2. Kweichow Moutai has invested in Shanghai Silang Technology Co., Ltd., a high-tech company specializing in domestic autonomous processor core development, chip design, and application services.

3. According to the report “2024 China Humanoid Robot Industry Ecosystem Development Research” released by CCID Research Institute, the industry is expected to continue rapid growth in 2024 and 2025, with the industry scale surpassing 20 billion yuan by 2026.

4. The sub-brand of STMicroelectronics, “Feilin Micro,” has officially launched its M1 series of vehicle-mounted vision processing chips, including the M1 (Camera ISP), M1Pro (Camera SoC), and M1Max (Camera SoC).

5. Domestic technology giants and startups are stockpiling Samsung’s HBM chips in anticipation of potential U.S. export restrictions.

6. Shanghai Jing’an has produced a new super unicorn: a chip company, Silang Technology. According to Hurun data, the company is valued at 8.5 billion yuan and ranks 976th globally among unicorns.


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