Semiconductor prices have fallen sharply in recent years – both in nominal and real terms, the semiconductor industry is also not optimistic. But the situation may improve in 2024.
According to Japanese semiconductor equipment maker Tokyo Electron, the semiconductor industry will return to exponential growth next year despite lingering inflation and geopolitical uncertainty.
Toshiki Kawai, chief executive of Tokyo Electron, said that in view of the current long-term development trend of autonomous driving and metaverse, the demand for data storage and processing capabilities will increase in the future.
Kawai's remarks on the future prospects of the semiconductor industry are in line with those of TSMC, the world's largest contract chip maker. At the earnings conference in January, Wei Zhejia, CEO of TSMC, said, "We expect the semiconductor cycle to bottom out in the first half of 2023 and see a healthy recovery in the second half of this year."
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