IC Insights: The total global IC market is expected to decline by 6% next year

According to IC Insights, the IC industry has always been known for its cyclical behavior. Looking back to the mid-1970s, the IC market did not see a period of consecutive declines of more than three-quarters. After a 9% decline in the IC market in Q3 2022, assuming a decline in the IC market in Q4 '22 and Q1 '23, the time period from Q3 2022 to Q1 2023 will mark the IC market's decline It was the seventh third-quarter decline on record.

Since the fourth quarter of 2018 to the second quarter of 2019, the IC market has not experienced a third-quarter decline. In addition, the three-quarter decline in 2001 was the largest on record, with three double-digit declines leading to a 33% annual decline -- the worst annual decline in the IC market on record.

Given that the IC industry has never experienced four consecutive quarters of IC market decline, the IC market is expected to resume growth from the second quarter of 2023. While the U.S.-China trade war is an unpredictable “wildcard” for the near-term IC market growth scenario, Q2 2023 is currently expected to show a modest 3% growth. However, even if IC sales rebound from 2Q23, the total IC market is still expected to decline by 6% next year.