The World’s Chip Industry Poised to Bounce Back After Tough 2023 – Bloomberg
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Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
The global chip industry is poised for a significant rebound this year with sales expected to jump to a record level, fueled by a greater need for the electrical components from a broad range of businesses, according to a forecast from the Semiconductor Industry Association.
Worldwide sales declined 8.2% to $526.8 billion in 2023, although the fall was mitigated by improving conditions in the second half of the year, the association said Monday in a statement. The increasing momentum indicates sales will gain 13% this year to almost $600 billion, the SIA said.
