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Samsung may spend $200 billion on 11 Texas fabs over 20 years

TAP TIMES -39- DECEMBER 2022

After hitting bottom, hopes rise As shown, there hasn’t been a three-quar-
for 2Q23 recovery — IC Insights ter decline in the IC market since 4Q18-
2Q19.

SCOTTSDALE, Ariz. —Over its 60-year Steepest decline on record
history, the IC industry has been well
known for its cyclical behavior. Look- Moreover, the three-quarter decline in
2001 was the steepest on record, with
ing back to the mid-1970s, there three double-digit declines, which led to a
hasn’t been a period where the IC 33% annual decline—the most severe an-
market declined for more than three nual IC market drop in history.
quarters in a row.
Given that the IC industry has never regis-
Market drop tered a four-quarter sequential IC market
Following a 9% drop in the 3Q22 IC mar- decline, expectations are high for a return
ket, and assuming the 4Q22 and 1Q23 IC to IC market growth beginning in 2Q23.
markets register a decline, the 3Q22-1Q23
timeperiod would mark the seventh three- While the U.S. and China trade war is an
quarter IC market drop on record (fi gure).
unpredictable “wildcard” for near-term IC
market growth
scenarios, 2Q23 is
currently expected
to display
modest 3% in-
crease.

6% drop seen
However, even
with a rebound
in IC sales begin-
ning in 2Q23, the
total IC market is
forecast to drop by
6% next year. The
fi gures are from IC
Insights November
3Q22 update.

icinsights.com

58% of companies employ cross-border workers — Gartner

STAMFORD, Conn. — Fifty-eight per- This number has doubled in the past
cent of organizations report having at three years. Gartner defi nes border-
least some technology talent working less workforce as talent working re-
in a fully remote borderless arrange- motely from diff erent countries based
ment, according to a new Gartner on an employment contract made
Inc. survey. across national borders. gartner.com