Power Semiconductor Market Share 2Q24

The global power semiconductor market is estimated to be valued at $11.8 billion for 2Q 2024, shrinking by 0.5% from the previous quarter. The demand for power semiconductor in automotive and industrial markets was weak, while a rebound in consumer was observed. The data center power segment is booming concurrently to the computing market. In this context, Infineon gained 0.4% share, achieving 2.2 billion, drawing on business opportunities in data center and automotive. STMicroelectronics came second but revenue declined to $1.4 billion with its automotive and industrial business both down. Texas Instruments was slightly up sequentially thanks to a rebound in personal electronics and enterprise systems, while On Semi posted revenue decline for all business segments. By contrast, Monolithic Power Systems, the largest share gain in 2Q24 (+0.7%), exceeded its 2Q24 expectations largely pulled by its data center power business.