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.
Semiconductors
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)
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