Electronics sales are projected to grow 10% q-o-q in Q3 , memory sales are expected to see double digit growth and logic sales are forecast to be flat, according to the Semiconductor Manufacturing Monitor produced by SEMI and TechInsights.
However, high inventories will continue to suppress fab utilisation rates to lower levels than those in the first half of 2023 while declines in capital equipment billings and silicon shipments for the rest of the year are expected.
Sources: SEMI (www.semi.org) and TechInsights (www.techinsights.com), August 2023
“The slower-than-expected demand recovery will delay the normalisation of inventory until the end of 2023, later than we previously anticipated, leading to additional reductions in fab utilisation rates in the short term,” says SEMI’s Clark Tseng, “however, recent trends suggest that the worst is over for ICs. We anticipate semiconductor manufacturing will bottom in Q1 2024.”
“While semiconductor markets have seen a sharp downturn the last four quarters, equipment sales and fab construction have been performing much better than expected,” says TechInsights’ Boris Metodiev, “government incentives have been driving new fab projects and strong backlogs have helped equipment sales.”
