WSTS announced on August 23 that it had lowered its growth forecast for the size of the global semiconductor market, which is expected to grow by 13.9% this year and 4.6% next year. In June, WSTS was forecast to grow 16.3% this year and 5.1% next year, with the overall forecast downgraded.

For memory chips, which account for more than 20% of the semiconductor market, WSTS estimated in June that the market size will grow by 18.7% this year, but the forecast has been lowered to 8.2% to $166.517 billion. In addition, its forecast for next year fell to 0.6% to $167.494 billion. The memory chip market is shrinking faster than expected.

WSTS pointed out that the overall growth rate of the semiconductor market will slow down significantly this year and next. Except for memory chips, the growth rate of the market scale of discrete semiconductors, sensors, analog chips, microprocessors, and logic chips will all slow down. However, the market size growth rate of these major product categories next year will be the lowest at 3.6%, which is much higher than the 0.6% of the memory chip market.