Sponsored Article

Global Chip Revenues Expected to Weaken During 2023

11 May 2023

Industry analysts firm Gartner predicts that the worldwide semiconductor market will stagnate this year, with a total of $532 billion being reached.

The equates to an 11.2% drop from the 2022 figure ($599.6 billion). Issues are going to be most acute within the DRAM and NAND memory markets - with respective reductions of 39.4% and 32.9% being projected here.
  
Commenting on the report, Richard Gordon, Practice VP at Gartner stated; "As economic headwinds persist, weak end market electronics demand is spreading from consumers to businesses, creating an uncertain investment environment. In addition, an oversupply of chips which is elevating inventories and reducing chip prices, is accelerating the decline of the semiconductor market this year.” 


Print this page | E-mail this page






This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.