The IC market is expected to rebound in 2Q23 after a short bottoming out, reports IC Insights.
“Given that the IC industry has never registered a four-quarter sequential IC market decline, expectations are high for a return to IC market growth beginning in 2Q23. While the U.S. and China trade war is an unpredictable “wildcard” for near-term IC market growth scenarios, 2Q23 is currently expected to display modest 3% increase,” says the report.
As shown in the below graph, there hasn’t been a three-quarter decline in the IC market since 4Q18-2Q19. Moreover, the three-quarter decline in 2001 was the steepest on record, with three double-digit declines, which led to a 33% annual decline—the most severe annual IC market drop in history.
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