The macroeconomic and geopolitical headwinds of aggressive interest rates and the U.S.-China conflict have slowed the demand for semiconductors over the past year. However, with the wide application of its products, the semiconductor industry is expected to witness significant demand in the long run.
Moreover, despite broad-based headwinds, global semiconductor industry sales totaled $573.50 billion in 2022, the highest-ever annual total and an increase of 3.2% compared to 2021.
