New Delhi, April 26 (Ians) Global semiconductor revenue is projected to decline 11.2 per cent to reach $532 billion in 2023, and the short-term outlook for the semiconductor market has deteriorated further, a report showed on Wednesday.
In 2022, the market totaled $599.6 billion, which was marginal growth of 0.2 per cent from 2021, according to the latest forecast from Gartner.
The PC, tablet and smartphone semiconductor markets are stagnating. The combined markets will represent 31 per cent of semiconductor revenue in 2023 and total $167.6 billion.
“As economic headwinds persist, weak end-market electronics demand is spreading from consumers to businesses, creating an uncertain investment environment,” said Richard Gordon, Practice Vice President at Gartner.
In addition, an oversupply of chips which is elevating inventories and reducing chip prices, is accelerating the decline of the semiconductor market this year,” Gordon added.
The memory industry is dealing with overcapacity and excess inventory, which will continue to put significant pressure on average selling prices...
In 2022, the market totaled $599.6 billion, which was marginal growth of 0.2 per cent from 2021, according to the latest forecast from Gartner.
The PC, tablet and smartphone semiconductor markets are stagnating. The combined markets will represent 31 per cent of semiconductor revenue in 2023 and total $167.6 billion.
“As economic headwinds persist, weak end-market electronics demand is spreading from consumers to businesses, creating an uncertain investment environment,” said Richard Gordon, Practice Vice President at Gartner.
In addition, an oversupply of chips which is elevating inventories and reducing chip prices, is accelerating the decline of the semiconductor market this year,” Gordon added.
The memory industry is dealing with overcapacity and excess inventory, which will continue to put significant pressure on average selling prices...
- 4/26/2023
- by Agency News Desk
- GlamSham
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