Dec. 1, 2022 /SemiMedia/ -- According to Nikkei Asia, the global semiconductor market is expected to shrink by 4% to US$557 billion in 2023, the first annual contraction since 2019.
Chipmakers have ramped up production in response to past supply constraints, but consumer demand for devices such as smartphones and computers has begun to decline, the report said. In addition, the growth of global server shipments is expected to slow from 5.1% this year to 2.8% in 2023, and the memory chip market is expected to decline by 17%
According to WSTS forecasts, Japan, the United States and Europe will see growth in 2023. But the rest of the Asia-Pacific region, which includes China, is expected to decline by 7.5%. This is mainly due to the US's restrictions on the export of chip technology to China, as well as the impact of China's epidemic prevention and control on the output of factories.