Omdia:2022 's annual Q3 global semiconductor sales are still declining, falling to $147 billion

CTOnews.com, November 23, according to Omdia's Semiconductor overall Competition Analysis tool (CLT), during the COVID-19 pandemic that began in early 2020, the semiconductor market experienced a special situation of continuous revenue growth. During this period, there was a record eight consecutive quarters of revenue growth. Now, the market has begun to shrink over the past two quarters. Semiconductor revenue in the third quarter of 2022 was $147 billion, down 7 per cent from $158 billion in the previous quarter.

Cliff Leimbach, a senior research analyst, said, "the decline in the market is not uniform, and different parts of the market have contributed to weakness at different times. The decline in the second quarter of 2022 was due to weakness in the PC market, with Intel down 17%. The recent decline is due to the weakness of the memory market. Memory revenue fell 27% on a quarterly basis (QoQ) due to falling demand for data centers, PCs and mobile, as well as customer inventory adjustments. "

After a record run, the semiconductor market has cooled and consumer confidence has weakened, leading to a historic decline in the third quarter. Sales of semiconductors are also increasing as consumer demand is expected to increase in the second half of the year. From 2002 to 2021, the long-term average quarterly growth rate was 8%.

CTOnews.com learned that the report said three memory-focused companies (Samsung Electronics, SK Hynix and Micron) all dropped one place in the rankings. Although major memory suppliers accounted for a decline of more than $10 billion in semiconductor revenue in the third quarter of 2022, they are not the only companies struggling. AMD's revenue fell as demand for personal computers slowed and inventories dwindled, just as Intel felt in the market last quarter.