Amid Shrinking Sales, the Semiconductor Industry Remains Optimistic (.PDF Download)

Feb. 22, 2023
Despite short-term fluctuations in sales due to market cyclicality and macroeconomic conditions, the long-term outlook for the semiconductor market remains strong.

After plowing ahead at full throttle throughout much of the COVID pandemic, the global semiconductor market is showing signs of cooling off and returning to a more “normalized” state in 2023. Similar to many industries that rode the massive pandemic “wave” of customer demand (e.g., logistics, transportation, technology, etc.), the semiconductor sector is now facing some of the lowest demand it’s seen in years.

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