World Semiconductor Trade Statistics Organization: The chip market is still expected to exceed 600 billion US dollars this year

The World Semiconductor Trade Statistics Organization (WSTS) said that the chip market is still expected to exceed 600 billion US dollars this year.

The agency cut its chip market growth forecast for this year to 13.9 percent from 16.3 percent previously. In addition, the agency expects chip sales to grow by just 4.6% in 2023, the slowest growth rate since 2019.

In early August this year, data released by the Semiconductor Industry Association showed that in the second quarter of this year, global chip sales exceeded US$150 billion, a year-on-year increase of 13.3% and a month-on-month increase of 0.5%. But in the last month of the second quarter, global chip sales were $50.8 billion, down 1.9% sequentially, and year-over-year growth fell below 15% for the first time since February 2021.

Since the second half of 2020, the problem of chip shortages has become the main theme of the semiconductor industry. Coupled with the impact of the epidemic, global manufacturers have been rushing for orders and competing for production capacity. Therefore, orders in the chip market have increased significantly, and chip manufacturers' revenue has also hit record highs.

However, against the backdrop of increasing uncertainty about the global economic outlook, customer inventories have increased, demand has decreased, and chip sales have begun to cool down. Foreign media said that chip sales will cool more than previously expected.

Last week, industry sources revealed that the revenue of many chip design companies may continue to decline in August and September as inventories at major customers continue to adjust.

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