Global semiconductor manufacturing industry to recover in 4Q

TheStar Tue, Nov 14, 2023 11:23am - 3 months View Original


FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

PETALING JAYA: The semiconductor manufacturing sector is poised for a rebound in the fourth quarter of 2023, paving the way for sustained growth in 2024, according to US-based Semiconductor Equipment Manufacturers Industry (SEMI).

Electronic sales are predicted to register a robust 22% quarter-over-quarter increase in Q4 2023, adding to 7% growth posted in 3Q23, SEMI announced in its 3Q23 Semiconductor Manufacturing Monitor (SMM) Report, prepared in partnership with TechInsights.

Integrated circuit (IC) sales are expected to rise 4% sequentially after improving 7% in 3Q23 as end demand improves and inventories normalise.

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