The global notebook market is projected to witness a 4.7% growth by 2024, ending a two-year slump, according to a forecast by DigiTimes. This anticipated recovery is linked to easing inflation and the debut of innovative products, such as Apple (NASDAQ:AAPL)’s MacBook using Taiwan Semiconductor Manufacturing Company’s (TSMC) 3nm fabrication process.

The MacBook, set for a 2024 launch, will feature the M3 chip, marking an advancement from the M2 chip that was launched in June 2022. The M3 chip is expected to enhance performance and power efficiency and could potentially feature a new GPU with hardware ray-tracing, similar to the A17 Pro chip in the iPhone 15 Pro.

However, DigiTimes also predicts a decrease in notebooks using Arm-based processors in 2023 due to Apple’s planned reduction in shipments. This transition aims at replacing these processors with CPUs manufactured by a 3nm node at TSMC for enhanced performance.

Bloomberg’s Mark Gurman suggests that the first Macs with the M3 chip could be unveiled this October. However, Dexerto indicates that M3 MacBooks are not expected until sometime in 2024. The M3 chip will likely feature in the newly launched models such as the 14-inch and 16-inch MacBook Pro, the 15-inch MacBook Air, Mac Studio and Mac Pro models, and potentially the upcoming iMac, 13-inch MacBook Air, and 13-inch MacBook Pro.