[Graphic News] Global chip revenue up only 1.1% in 2022: report
World BusinessJan 30, 2023
Global semiconductor revenue grew only around 1 percent on-year last year, a recent report showed, with the memory chip sector suffering the most. According to tech research firm Gartner, worldwide chip revenue is estimated to have risen 1.1 percent to $601.7 billion in 2022, a significant drop from a 26.3 percent annual growth seen the previous year. While 2022 got off to a relatively good start due to lingering chip shortages, Gartner said “by the second half of 2022, the global economy