Source: Omdia
Q2 2022 marked the third consecutive quarter of weakening revenue growth for the semiconductor market with the market now in decline, reports Omdia.
According to the research house’s Competitive Landscape Tracker, revenue for Q2 2022 declined 1.9% from US$161.2 billion in Q1 to US$158.1 billion in Q2. This decline follows the longest sustained period of semiconductor growth of eight uninterrupted quarters.
The report notes that a major contributing factor is poor performance from Intel, and a decline of 13% in their microprocessors (MPU) business in Q1. This drop from a market that represents over 10% of the total semiconductor market has pulled the entire market down.
Another factor impacting the market is the strength of the dollar against many foreign currencies in Q2. Some non-US based companies experienced a quarterly revenue increase in local currency but…
