Semiconductor sales expected to decline next year

Semiconductor sales expected to decline next year, research firm Gartner predicts

by 2.5% compared to the results of this year.Analysts say that the main reason for this is the decline in sales of smartphones and personal computers. It is noted that this year the global supply of semiconductors will grow by 7.4% to $639.2 billion, which is lower than the previous forecast, which spoke of growth by 13.6%. For comparison, last year the semiconductor market grew by 26.3%, and already in 2023 sales will begin to decline and amount to $623.1 billion. Experts do not expect the recovery of the semiconductor market until 2024, and, according to estimates, the lower level of decline will be reached in 2023.