News

IC Insights institution: Global chip market will recover next year

  • Source:Network finishing
  • Release on:2022-11-14

News on November 13th, the analysis agency IC Insights predicts that the global chip market is expected to recover in the second quarter of next year.

The agency said that the chip market in the third quarter of this year will shrink 9%, and it will shrink further by 8%in the fourth quarter, and then shrink again by 3%in the first quarter of 2023.

IC Insights said that after the first quarter, it is expected that the chip market will begin recovery in the next quarter next year.

The analysis agency stated that in its history, the global chip market has only contracted three consecutive quarters since the 1970s. IT House was informed that these periods were from 1981, 1985, 1996, 1997 to 1998, and 2001.

In all these occasions, the market rebounded after three consecutive quarters.

The sixth period was between 2018 and 2019. In the fourth quarter of 2018, the chip market contracted 9%, and in the next quarter, it contracted sharply by 17%. After the second quarter of 2019 decreased by 1%, the market resumed in the third quarter.

However, there are still uncertainty, such as some international My War.

In addition, although the chip market is expected to grow again in the second quarter of next year, according to annual calculations, the global chip market is expected to shrink 3%over a year ago in 2023.

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