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Semiconductor industry is expected to recover in 2024

Semiconductor industry is expected to recover in 2024

Posted Date: 2023-08-17

August 16, 2023 /SemiMedia/ — Based on the Semiconductor Manufacturing Monitor report launched by SEMI in cooperation with TechInsights, the worldwide semiconductor trade is nearing the top of the down cycle and is anticipated to begin recovering in 2024 because the sequential decline in IC gross sales begins to gradual.

The report identified that within the third quarter of 2023, electronics gross sales are anticipated to realize a wholesome 10% quarter-on-quarter progress, whereas reminiscence IC gross sales are anticipated to report double-digit progress for the primary time for the reason that downturn started within the third quarter of 2022. Logic IC gross sales are anticipated to stay steady and enhance as demand steadily recovers.

The report additionally identified that the semiconductor manufacturing trade will proceed to face resistance within the second half of the yr. Drawdowns of excessive stock at built-in machine producer (IDM) and fabless firms will proceed to suppress fab utilization charges to a lot decrease ranges than these within the first half of 2023. The weak point is projected to increase declines in capital gear billings and silicon shipments for the remainder of the yr regardless of steady leads to the primary half of 2023.

Market indicators level to a semiconductor trade bottoming on the finish of the primary half of 2023, and the trade has since began a restoration, setting the stage for continued progress in 2024. All segments are projected to log year-over-year will increase in 2024, with electronics gross sales surpassing its 2022 peak.

To obtain a pattern report, go to