February 14, 2024 /SemiMedia/ -- According to a recent report released by SEMI, global silicon wafer shipments fell by 14.3% to 12.602 billion square inches in 2023, while revenue fell by 10.9% to $12.3 billion during the same period.

SEMI: Global silicon wafer shipments dropped 14.3% year-on-year in 2023-SemiMedia

SEMI noted that the decline was due to slowing end demand coupled with broad inventory adjustments. Weak demand in the memory and logic chip industries led to a decline in 12-inch wafer orders, while weak foundry and analog demand led to a decline in 8-inch wafer shipments.

"Shipments of 12-inch polished wafers and epitaxial wafers declined 13% and 5% respectively in 2023. Total shipments of all wafer sizes fell 9% in the second half of 2023 compared with the first half," SEMI said.