Global semiconductor sales growth is expected fall by 2.5% next year, hit by weaker sales of mobile phones and PCs, predicts Gartner.
Rising inflation and rising energy and fuel costs are putting pressure on consumers’ disposable income, affecting spending on electronics such as PCs and smartphones, they say.
Despite this, Gartner expects worldwide semiconductor revenue to grow 7.4% to $639.2 billion in 2022, although this is down from the previous growth rate of 13.6% and last year’s growth rate of 26.3%.
In addition, Gartner said global semiconductor revenue will shrink to $623.1 billion next year.
Earlier this month, the world’s largest and most valuable semiconductor manufacturer, TSMC, said that as the smartphone, PC and consumer markets slowed, supply chains in these industries would undergo inventory adjustments in the second half of 2022.
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