安联Allianz：2025年半导体博弈：引领全球芯片实力之争研究报告（英文版）

•A new hope: the ongoing recovery in the chip market. The chip market generated almost USD700bn of revenue last year, up by +21% y/y, and is expected to record a CAGR of roughly +10% over the upcoming year to become a trillion-dollar market by 2029/2030. The rebound has followed two years of weak performance (+1% in 2022 and -10% in 2023) inherited from the painful period of post-pandemic chip shortages and the sudden boom in demand for computing devices. Future revenues are expected to be mo