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The semiconductor industry remains slow and steady

The semiconductor industry is currently experiencing a slow and steady recovery from a period of uncertainty. Although setbacks are not uncommon in this industry, we believe the market will eventually return to its thriving state. In the first quarter of 2023, the industry’s YoY performance decreased by 25.4%, mainly due to the memory market. However, if we exclude the memory and MPU market, the semiconductor industry is experiencing a healthier and more stable QoQ decline of 5.2% from $92.4B in 4Q22 to $87.6B.

Despite the volatility of the industry, there are still opportunities for progress due to the ongoing global support from public and private sectors. For example, the UK government launched the Semiconductor Infrastructure Initiative, investing up to £200 million in the semiconductor sector from 2023 to 2025. Additionally, the US Chips Act provides $52.7 billion for American semiconductor research, development, manufacturing, and workforce development. With the right infrastructure in place, and considering the industry’s resilience, we are confident that it’s just a matter of time and patience before it bounces back. Omdia

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