Bank of America Significantly Raises Semiconductor Industry Forecast: Market Size Could Reach $2.7 Trillion by 2030

According to a report by Jinse Finance, on June 24, Bank of America significantly raised its forecast for the global semiconductor industry in its latest research report. The bank believes that AI demand is shifting from validating return on investment to addressing structural supply constraints such as chips, storage, and power. The shortage of storage chips and rising prices are expected to become the core drivers of industry growth in the coming years. Bank of America predicts that the global semiconductor market size will grow from $787 billion in 2025 to $2.734 trillion in 2030, with a compound annual growth rate (CAGR) of 28% from 2025 to 2030, exceeding the previous forecast of $2.3 trillion and 23%. Bank of America also estimates that while it took the chip industry approximately 50 years to achieve its first $1 trillion in sales, AI is expected to generate an additional $1 trillion in the next five years.