The US semiconductor industry is expected to experience significant growth in 2024. According to the World Semiconductor Trade Statistics (WSTS), the global semiconductor market is projected to grow by 16% in 2024, driven primarily by the Memory and Logic sectors. This growth is also supported by the increasing demand for advanced chips in the automotive industry, which is moving towards electrification and autonomous driving. Additionally, the industry is benefiting from the rise of generative AI and cloud computing, which are driving demand for high-performance semiconductors.