Over the past few years, a surge in demand has fueled record revenues, but nothing lasts forever.
Data from research firm Omdia shows that the semiconductor market is flattening out after a period of record revenue.
The report joins growing warnings that the chip industry is heading for a slowdown due to global economic impacts such as corporate hoarding of components and inflation.
Omdia’s latest analysis of the global semiconductor market shows that the market reached a plateau in the first quarter of 2022 after five consecutive quarters of record revenue and continued demand growth.