Semiconductor revenue grew 3.8% to USD124.3B in 2Q23; TSMC makes progress with Apple, Broadcom and Nvidia

After 5 straight quarters with declining revenue, the semiconductor industry reversed course and increased revenue in 2Q23 according to Omdia. The research noted quarterly revenue grew 3.8% to USD124.3B in this period. This growth is in line with historical patterns for the total semiconductor market, with 2Q23 revenue increasing on average of 3.4% from 1Q23 (using data from 2002 through 2022). However, growth within semiconductor segments continues to diverge from historical…

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