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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.”
