<p>➀ The SEMI Silicon Manufacturers Group (SMG) reported that 2024 silicon wafer shipments fell 2.7% to 12,266 million square inches and wafer revenue contracted 6.5% to $11.5 billion.</p><p>➁ Demand for silicon wafers in the second half of 2024 started to recover from the industry downcycle seen in 2023, and is expected to continue into 2025.</p><p>➂ Generative AI and new data-center construction are driving demand for advanced foundry and memory devices like HBM, while most other markets are still recovering from excess inventory.</p>