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Latest InformationThe World Semiconductor Trade Statistics Bureau lowered its market outlook for chip sales this year to 13.9 percent from 16.3 percent previously. Through 2023, it expects chip sales to grow just 4.6%, the slowest pace since 2019.
On August 24, it was reported that chip sales had cooled more than previously expected. The World Semiconductor Trade Statistics Bureau lowered its market outlook for chip sales this year to 13.9 percent from 16.3 percent previously. Through 2023, it expects chip sales to grow just 4.6%, the slowest pace since 2019.
The market is still on track to exceed $600 billion this year, WSTS said. The forecast growth next year will be the weakest since sales fell 12% at the height of the U.S.-China trade war.
Chip sales are an important indicator of global economic activity as households and companies increasingly rely on digital devices and online services to consume and expand.
According to WSTS, Japan is likely to see the strongest sales growth of 5% next year, followed by the Americas at 4.8%, Asia Pacific at 4.7%, and Europe likely to grow just 3.2%.
The International Monetary Fund cut its global growth forecast last month and said 2023 could be tougher than this year. Bloomberg Economics models show a 100% chance of a U.S. recession within the next 24 months.
Time:2024-11-16
Time:2024-11-16
Time:2024-11-16
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Time:2024-11-16
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