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By Semi
13 Nov 2023
MILPITAS, Calif. – November 13, 2023 – The global semiconductor manufacturing industry is on track for recovery in the fourth quarter of 2023, setting the stage for continued growth in 2024, SEMI announced today in its Q3 2023 publication of the Semiconductor Manufacturing Monitor (SMM) Report, prepared in partnership with TechInsights.
Electronic sales are predicted to register a robust 22% quarter-over-quarter increase in Q4 2023, adding to 7% growth posted in Q3 2023. IC sales are expected to rise 4% sequentially after improving 7% in Q3 2023 as end demand improves and inventories normalize.
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