Pressures are rising for the global semiconductor market. As demand continues to rise, the supply chain continues to be put under the spotlight. Recent chip shortages have, arguably more than ever, highlighted the strains felt by the marketplace, which have unfortunately had a knock-on effect when it comes to production.
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]
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