While the Biden administration passed a long-awaited law on August 9 to provide $52.70 billion in subsidies for boosting nationwide semiconductor production and research, demand for PCs and other electronics has slumped lately. International Data Corporation (IDC) has forecasted worldwide shipment of PCs and Tablets to decline in 2022 and 2023 due to high inflation and fears of economic slowdown.
According to Gartner Inc.’s (IT) forecast dated July 27, 2022, global semiconductor revenue is expected to grow 7.4% in 2022, down from the prior-year growth of 26.3%. Also, this is down from the previous forecast of 13.6% growth for 2022.
