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World semiconductor market to shrink 4% in 2023 as server investment slows

Trade group predicts first decline in 4 years, led by memory chips

Semiconductors's wide range of uses make them a barometer for the economy as a whole. (Photo by Ryosuke Eguchi)

TOKYO -- The global semiconductor market is forecast to shrink 4% in 2023 to $557 billion for the first annual contraction since 2019, a slowdown that could herald wider economic woes.

The memory market, which makes up more than one-fifth of the total, is seen falling 17%, World Semiconductor Trade Statistics said Tuesday.

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