Bank of America significantly raises its forecast for the semiconductor industry: the market size may reach 2.7 trillion US dollars by 2030.

In its latest research report, Bank of America dramatically raised its global semiconductor industry forecast, believing that AI demand is transitioning from validating investment returns to addressing structural supply constraints such as chips, storage, and power. The shortage and price increase of storage chips will become the core driver of industry growth in the coming years. Bank of America expects the global semiconductor market to grow from $787 billion in 2025 to $27.34 trillion in 2030, with a compound annual growth rate of 28% from 2025 to 2030, higher than the previous forecast of $23 trillion and 23%. Bank of America predicts that it will take around 50 years for the chip industry to achieve its first $1 trillion in sales, while AI is expected to generate an additional $1 trillion in the next 5 years.