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- Gartner forecasts the following trends for the semiconductor market:
- In 2023, semiconductor revenue is projected to decline 11.2% to $525.9 billion.
- In 2024, revenue is expected to rebound, jumping up 20.4% to $633.0 billion.
- Memory will decline 40.6% in 2023, while nonmemory revenue will decline by 3.4%12.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Global semiconductor revenue is projected to decline 11.2% in 2023, according to the latest forecast from Gartner, Inc. In 2022, the market totaled $599.6 billion, which was marginal growth of 0.2% from 2021. The short-term outlook for the semiconductor market has deteriorated further.www.gartner.com/en/newsroom/press-releases/20…Gartner forecasts 2023 semiconductor revenue will drop 12.3% to $525.9 billion, then jump up 20.4% to $633.0 billion in 2024, as demand rebounds from most application lines. Memory will decline 40.6% and lead the downturn cycle while nonmemory revenue will decline by 3.4% in 2023.www.gartner.com/en/documents/4603099 Gartner Forecasts Worldwide Semiconductor Revenue to Grow …
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