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Global semiconductor market hit by historical slowdown, drops to $147bn

The decline in revenue due to decline in demand across several technology verticals has resulted in an US$11 billion drop in Q3.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

November 23, 2022 | 1:13 AM GMT

Global semiconductor market hit by historical slowdown, drops to $147bn

A rendering shows early plans for two new leading-edge Intel processor factories in Licking County, Ohio. Announced on Jan. 21, 2022, the $20 billion project spans nearly 1,000 acres and is the largest single private-sector investment in Ohio history. Construction is expected to begin in late 2022, with production coming online at the end of 2025. Source: Intel Corporation

The global semiconductor market has shrunk over the previous two quarters as weakened demand and geopolitical and economic downturns drive demand down.

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João Marques Lima

Founder and Editor, The Tech Capital

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