The memory chip market is lagging behind? The semiconductor market will shrink by 4.1% ($557 billion) next year

During the epidemic, the growth rate of analog chips, sensors and logic chips in the semiconductor market can still maintain a double-digit percentage. Some people are happy and some are worried, but WSTS expects the memory chip market to shrink by 12.6%.

     According to the forecast released by WSTS, the global semiconductor market will shrink by 4.1% to US$557 billion in 2023. Prior to this, the global semiconductor market will soar by 26.2% in 2021, clearly indicating a slowdown of 4.4% this year. Perhaps affected by memory chips, WSTS expects the memory chip market to decline by 17% year-on-year in 2023. But the good news is that sensors and analog chips will still maintain a single-digit percentage increase.