Semiconductor market growth and rising wafer prices projected through 2027

The global semiconductor market is projected to experience significant growth, with the World Semiconductor Trade Statistics organization forecasting a 90% increase in 2026 to $1.5 trillion, followed by a 27% rise in 2027. This expansion is expected to benefit major industry suppliers, including Marvell Technology and ASML.

Marvell Technology is seeing accelerated growth driven by demand for AI infrastructure. The company reported a 37% year-over-year revenue increase in the second quarter of 2026, with its connectivity business expected to grow by more than 70% in 2026.

Concurrently, silicon wafer prices are facing upward pressure heading into 2027. Demand for 300mm wafers remains robust due to memory and logic applications, leading to high capacity utilization. Suppliers like Siltronic and GlobalWafers indicate that new long-term supply agreements will likely need to reflect rising energy, freight, and production costs. To secure supply for AI and high-performance computing, Micron and GlobalWafers have established a 10-year long-term supply framework.