Year-end update on global semiconductor eco market in 2023

The semiconductor market, particularly memory and PC processors, had a drastic fall starting mid-2022 and continued till the end of 1st quarter 2023, and the growth started turning up in the month of Mar 2023. Since then, except few low-end and highly matured technologies, the growth curve started climbing up and is estimated to grow in 2024. The growth of AI processor chip market is near vertical due to demand from AI Servers. Automotive-semiconductor also continue to grow faster. Here in this article, we tried to provide you the market figures/forecasts from semiconductor associations/organizations and market research groups, as well as revenue from selected semiconductor vendors, who can be treated as a good sample indicating the overall semiconductor market. We try to cover not only devices and also some key areas of semiconductor eco. The most reliable source on global semiconductor market WSTS revised its latest forecast, where the total revenue is estimated at US$520 billion, a decline of 9.4% compared to year 2022. Category wise discrete semiconductors mainly power semiconductors have seen a growth of 5.8% in the year 2023 compared to 2022. Whereas IC chip market including analog, Micro, Logic, and memory fell by 8.9% in the year 2023 compared to year ago.
Sour...