Silverado’s new semiconductor report shows China’s alarming state supported growth across multiple metrics in the global semiconductor sector in 2024 and 1H 2025, with particular expansion in foundational semiconductors, including:

• In 2024, China maintained the most production capacity by volume, the most exports by volume, and was among the leading exporters by value.
• China has the largest projected semiconductor manufacturing capacity in 2025, at nearly double that of Taiwan, the next largest manufacturing country.
• By quantity, China exported almost three times as many semiconductors as Taiwan in 2024.
• China remains the top export destination for semiconductors from Taiwan, Korea, Malaysia, and the United States.
• By volume, the U.S. imported the most semiconductors from China; by value, the U.S. imported the most semiconductors from Taiwan and Malaysia.

Key trends outside of China include:

• Taiwan continued to be the leading exporter (re-exports excluded). Though Taiwan’s exports decreased from 2023 to 2024, they grew strongly in the first half of 2025.
• South Korea’s exports reached record levels in 2024. The rebound in the semiconductor memory market drove an almost 39 percent increase in the value of South Korea’s semiconductor exports.
• U.S. semiconductor exports fell in 2023 amid a market slowdown but rebounded in 2024 to around historical levels.
• Logic and memory chips account for the largest value of shipments by product type in 2024, with memory showing the largest increase of all chip types (+79% from 2023).