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TAP TIMES -29- JANUARY 2023
Top 10 (from 28) top 10 IC design houses for 3Q22 show
gains for certain product categories coex-
suffered a decline in both price and ship- isting with losses for others.
ments. As a result, its 3Q22 revenue fell
by 39.9% QoQ to $643 million. Novatek Still, the semiconductor market as a whole
experienced the steepest revenue drop has recently been in slump, so more than
among the top 10. half of the top 10 posted a revenue decline
for 3Q22.
Will Semiconductor, which is based in
Mainland China, posted a QoQ decline of Ongoing inflation
25.8% to $513 million for 3Q22. Looking at the period from 4Q22 to 1Q23,
TrendForce believes that because of the
Lockdowns in China ongoing inflation, promotional activities
Since the company mainly offers chips related to the year-end holiday season will
equipped in smartphones (e.g., CMOS im- not lead to a significant rise in the overall
age sensors, TDDI solutions, and analog demand for consumer electronics.
ICs), its performance was affected by poor
smartphone sales and COVID-19 lock- Also, more time is needed to adjust inven-
downs in China. tory level for the demand side of the semi-
conductor market. Therefore, these two
TrendForce points out that IC design hous- quarters are going to be very challenging
es have different product mix strategies. for IC design houses, and the chance is
Therefore, demand has been steady for high for them to post negative QoQ rev-
some. Thus, the revenue results of the enue results. trendforce.com
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