The World Semiconductor Trade Statistics Organization (WSTS) has raised its forecast for global semiconductor production this year, with an estimated annual growth of 16%. It is optimistic about the continuous growth of the storage and logic industry in 2025, with expected growth of 12.5%, and is expected to show strong growth for two consecutive years. WSTS has raised its forecast for the spring of 2024, with an estimated market valuation of $611 billion for 2024. The growth of two IC categories will drive growth this year, with logic growing by 10.7% and storage growing by 76.8%, both achieving double-digit growth. In contrast, other categories such as discrete components, optoelectronic components, sensors and analog semiconductors are expected to decline by single digits.