Industry News
1Q24 Weak Demand Causes Semiconductor Market to Decline to $151.5 Billion
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Author : JIUZHOU
Update time : 2024-06-28 09:41:15
In the first quarter of 2024, most sectors of the semiconductor market declined. The consumer sector suffered the biggest blow, dropping 10.4% from the previous quarter.
Because of inventory adjustments, the industrial sector fell 8.5%. Even the car industry, which has consistently expanded for several years, experienced a decline in growth by 5.1%.
Only the data processing sector grew by 3.7%. This was propelled by the sustained strong demand for Nvidia chips and other products related to Artificial Intelligence.
ICC News According to the latest report data from a leading research and consulting group in the technology industry:
In the first quarter of 2024, the semiconductor market fell by about 2% to $151.5 billion.
Typically, after strong seasonal demand in the fourth quarter. The market will be sluggish in the first quarter, with revenues falling 4.4%.
In the first quarter of 2024, most sectors of the semiconductor market declined. The consumer sector was hit the hardest, down 10.4% from the fourth quarter of last year.
The industrial sector experienced an 8.5% drop as a result of inventory modifications. The automobile industry, which has seen steady growth over the years, also witnessed a 5.1% decrease in the initial quarter of 2024.
The declines in these sectors were offset by quarterly gains in the data processing sector, which grew by 3.7%. This was propelled by sustained strong demand for Nvidia chips and other products related to Artificial Intelligence.
Because of inventory adjustments, the industrial sector fell 8.5%. Even the car industry, which has consistently expanded for several years, experienced a decline in growth by 5.1%.
Only the data processing sector grew by 3.7%. This was propelled by the sustained strong demand for Nvidia chips and other products related to Artificial Intelligence.
ICC News According to the latest report data from a leading research and consulting group in the technology industry:
In the first quarter of 2024, the semiconductor market fell by about 2% to $151.5 billion.
Typically, after strong seasonal demand in the fourth quarter. The market will be sluggish in the first quarter, with revenues falling 4.4%.
In the first quarter of 2024, most sectors of the semiconductor market declined. The consumer sector was hit the hardest, down 10.4% from the fourth quarter of last year.
The industrial sector experienced an 8.5% drop as a result of inventory modifications. The automobile industry, which has seen steady growth over the years, also witnessed a 5.1% decrease in the initial quarter of 2024.
The declines in these sectors were offset by quarterly gains in the data processing sector, which grew by 3.7%. This was propelled by sustained strong demand for Nvidia chips and other products related to Artificial Intelligence.
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