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 trends. For example, the DRAM market was up 15% in 2Q23 with the historical pattern of 7.5% in the second quarter. However, the toll of the shrinking market has reduced the current market considerably, with the semiconductor market by revenue now at 79% of what it was one year ago when total revenue was USD160B in 2Q22. It will take time to return to the revenue levels of late 2021. (Android Headlines, Omdia)