Bank of America forecasts AI will drive an additional $1 trillion in semiconductor sales by 2030, boosting industry revenue to $2.7 trillion and wafer-fab equipment spending to $250 billion by 2028. A former JPMorgan trader has emerged as the leading contender to succeed Jamie Dimon as CEO.
Bank of America analysts identified five structural trends—AI data center expansion, surging memory demand, advanced manufacturing investments, analog chip power requirements and next-generation AI CPUs—that will generate an additional $1 trillion in semiconductor sales by 2030. They raised the industry revenue forecast to $2.7 trillion and project wafer fabrication equipment spending will reach $250 billion by 2028 and $292 billion by 2030.
A former top trader at JPMorgan has emerged as the front-runner to succeed Jamie Dimon as CEO, triggering investor and boardroom speculation. The potential candidate’s trading expertise and internal standing could shape the bank’s strategic direction and influence the timing of the leadership transition.
