According to Taiwan’s Economic Daily News, IC Insights’ latest report points out that after record global semiconductor sales in 2022, semiconductor sales are expected to decrease by 5% year-on-year in 2023, with plummeting memory prices and global economic uncertainty putting pressure on next year.
Specifically, IC Insights analyzed that global semiconductor sales are expected to grow 3 percent year-over-year in 2022 to hit a new record of $636 billion (about 4.59 trillion yuan) this year after jumping 25 percent to $614.7 billion (about 4.43 trillion yuan) in 2021.
The reports notes that the unfavorable conditions that have emerged in the second half of this year for semiconductors are expected to continue into the first half of next year. Weak demand for enterprise and personal computers and smartphones, rising chip inventory levels, and continued weakness in the memory market are expected to reduce total semiconductor sales by 5 percent year-over-year next year. total IC sales are expected to decline 6 percent year-over-year, while non-IC O-S-D is expected to grow modestly year-over-year.
In addition, IC Insights forecasts that after a cyclical downturn in 2023, future semiconductor sales are forecast to rebound and achieve stronger growth over the next three years. Semiconductor sales are expected to reach $843.6 billion (approximately RMB 6.08 trillion) by 2026, representing a compound annual growth rate of 6.5%.