Semiconductor revenue meltdown: Samsung, Intel Revenues Crater, AI demand saves Nvidia

semiconductor revenue downturn 2023 wireunwired

New research from Omdia, an analyst firm, indicates that the semiconductor industry is expecting a big downturn in 2023. According to their estimates, global semiconductor revenue will reach $544 billion, from $597 billion in 2022, a 9% annual decline.
The outlook highlights major revenue declines expected to hit some of the biggest chip makers and suppliers. After years of surging demand, semiconductor market leaders may experience considerable sales slumps in 2023: