Tuesday, January 17, 2023

Gartner: semiconductor market hit by economic recession in 2022

The consulting firm singled out the first half of the year, marked by a boost in sales, from the second half, which was subject to the storm caused by inflation, the blockades in China due to Covid and the fall in demand. Sales improved by only 1.1% year-on-year.

Gartner said that global semiconductor market revenues grew by a modest 1.1% in 2022. The consulting firm said that macroeconomic problems affected global supply chains and led to a reduction in spending on electronic equipment.

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