The "chip" is cold! Authorities cut the global chip sales forecast for 2022 as recession risk increases
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Update time : 2022-08-24 16:39:57
In its latest report, the World Semiconductor Trade Statistics (WSTS) has cut its forecast for chip sales growth this year to 13.9% from 16.3% previously, and expects chip sales to grow by only 4.6% in 2023, the lowest growth rate since 2019. For comparison, global semiconductor chip sales are expected to grow by 26.2% in 2021.
WSTS, based in California, is a non-profit organization that tracks global chip shipments. Its members include Texas Instruments, Samsung Electronics, Sony Semiconductor Solutions, and many other semiconductor industry giants. WSTS expects the chip market to be $633 billion this year, with demand for chips in most categories expected to continue to show high year-over-year growth rates. Of these, logic chips are expected to grow at the strongest rate of 24.1 per cent, analogue chips at 21.9 per cent year-on-year and sensors at 16.6 per cent year-on-year. Optical chips are expected to remain the slowest growing category, with an expected growth rate of just 0.2% year-on-year. Risk of recession weighs on chip sales growth Chip sales figures have become an important indicator of global economic activity as households and businesses become increasingly reliant on digital devices and online services. The International Monetary Fund (IMF) has already cut its global growth forecast last month and said that global economic growth in 2023 could be even lower than this year.
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