Global Semiconductor Sales Still in Downward Cycle, But Silver Lining to Emerge in China in Q2 2023

At present, global semiconductor sales are still in a downward cycle. Judging from the last round of China's semiconductor sales data, the downward cycle is about 1.5 to 2 years. Considering that the current downward cycle starts from the end of 2021, the growth rate of semiconductor sales in China may bottom out around the second quarter of 2023. One research institute pointed out that benefiting from the strong demand for semiconductors in the high-performance computing and automotive fields, the global semiconductor equipment market is expected to see strong recovery in 2024.