Gartner Forecasts Worldwide Semiconductor Revenue Growth to Decline 3.6% in 2023

.Gartner_inc analyst Richard Gordon foresees the global semiconductor revenue will decline 3.6% in 2023. Read more here IT

Currently, the semiconductor market is polarized between the consumer-driven markets and enterprise-driven markets. Weakness in the consumer-driven markets is being driven largely by the decline in disposable income caused by rising inflation and interest rates, but also by the reprioritization of consumer discretionary spending to other areas such as travel, leisure and entertainment, which are having a negative knock-on effect on technology purchases.

“The relative strength in the enterprise-driven markets comes from strategic investments by corporations that are looking to strengthen their infrastructure to continue supporting their work from home workforce, business expansion plans and ongoing digitalization strategies,” said Gordon.For the remainder of 2022, the memory market is witnessing faltering demand, swollen inventories and customers pressing for considerably lower prices.

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