Chip demand has declined in recent months. However, the long-term prospects of the industry look stable. The global semiconductor chip handler market is estimated to grow at a CAGR of 4.2% until 2026.
KPMG LLP and the Global Semiconductor Alliance’s (GSA) global semiconductor industry survey in the fourth quarter of 2022 reveals 81% project their company’s revenue will grow over 2023. Moreover, 65% of the executives surveyed think the semiconductor supply shortage will ease this year. The Semiconductor Industry Confidence Index score came in at 56 for 2023, indicating a positive outlook.
