But things are starting to look up, and market growth is on the horizon. This was recently confirmed by SEMI, an industry association serving the global electronics design and manufacturing supply chain. In its Q3 publication of the Semiconductor Manufacturing Monitor (SMM) report, the association shared optimism for semiconductor developments.
According to the report’s predictions, prepared by SEMI in partnership with semiconductor information platform TechInsights, electronic sales are set to register a 22% quarter-over-quarter increase in Q4 2023, adding to a 7% growth post in Q3 2023.[1]
Boris Metodieve, Director of Market Analysis at TechInsights, said, “While semiconductor markets have seen year-over-year declines in the last five quarters, year-over-year growth is expected to return in the fourth quarter of 2023 as production cuts have worked their way through the supply chain.”
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