TAIPEI (TVBS News) — The International Business Strategies (IBS) expects the global semiconductor revenue will drop by approximately 12% in 2023 before it rebounds by more than 11% next year, reaching a total revenue of US＄550 billion.
Recent financial reports indicate that major semiconductor companies, including Intel Corp, TSMC, and Samsung Electronics, have suggested that the industry downturn has passed.
Samsung Electronics' Q3 profit fell 38%, but inventory is returning to normal levels, and oversupply is easing due to production cutbacks. Kim Jae-june, Samsung's deputy head of the Memory Division, suggests that the recovery trend could continue into next year.
Despite challenges such as inflation, the war in Ukraine, and clashes between Israel and Hamas, the global economy continues to show resilience, with the semiconductor market recovery serving as a symbol of this robust economic condition.