Tech Wire Asia
20 Dec 2022

Global semiconductor revenue to shrink by 4% in 2023, the first contraction since 2019

Dashveenjit Kaur

WSTS forecast that the global semiconductor market would shrink 4% in 2023 to US$557 billion, the first annual contraction since 2019. Not too far from that projection, Gartner predicts the global semiconductor revenue could decline by 3.6% in 2023, to total US$596 billion. Both WSTS and Gartner foresee the memory market, which makes up more… Read more »