Don't get in a semiconductor 'doom spiral' – sector will be back with a bang in 2024
The outlook for the global semiconductor sector appears worse than feared, at least for the near future, with analyst Gartner now expecting to see revenue decline by 11.2 percent for 2023. Weakened demand is being compounded by an oversupply driving down chip prices, it said.
Chipmakers are seeing a slowdown in demand thanks to various factors such as the global economic outlook and rising interest rates that have made many consumers think twice about buying a new device; Qualcommfor its 12 percent drop in revenue during the first quarter of this year. It isn't just the device makers working through stockpiles,"semiconductor companies are also sitting on inventory waiting for it to go out the door, and it can take six to nine months for inventory to flush out," Gordon told us, adding:"recovery is on its way – the slump will bottom out this year."
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Leicestershire footballer, 12, with leukaemia kicks off matchMadison has not played since she was diagnosed with acute lymphoblastic leukaemia in December 2022.
Read more »
London's Air Ambulance has its busiest ever year in 2022Bullet wounds and stabbings were the most common injuries in 2022, the busiest of its 30 years.
Read more »
DWP plans to target elderly people who may be due £3,500 top-upThere have been 271,851 Pension Credit applications submitted from April 2022 to March 2023
Read more »
Food banks: NI need for emergency parcels 'worst ever' in past yearA record number of food parcels were distributed in Northern Ireland in the past year by the UK's largest food bank network TrussellTrust.
Read more »
Microsoft tweaks Windows Server 2022 licensesMicrosoft makes Windows Server 2022 licenses a little less cynical
Read more »
One of 2022's best turn-based strategy games is finally coming to PCDon't sleep on dreamy dodgeball roguelike Desta: The Memories Between—its combat is brilliantly sharp.
Read more »