Global semiconductor revenue to decline by 3.6% in 2023

Emmanuel Oyedeji -

Global semiconductor revenue is projected to decline by 3.6% in 2023, according to the latest forecast from Gartner.

In 2022, the global semiconductor market which is on pace to grow 4% and total $618 billion is now expected to total $596 billion in 2023, down from the previous forecast of $623 billion.