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WSTS data showed slightly better results in the second and third quarters, with a revised forecast for the semiconductor market to fall 9.4% to $520 billion in 2023.
A strong recovery is expected to follow, with growth expected to be 13.1% by 2024 as the memory industry recovers.
Discrete semiconductors, driven primarily by power semiconductors, are expected to grow 5.8% year-over-year in 2023. However, all integrated circuit categories, including analog, micro, logic and memory, are expected to decline 8.9% from last year. This recession, while severe, is less pronounced than initially predicted in May 2023.
(Source: eenewseurope Image source: freepik)
