Global semiconductor manufacturing industry to recover in 4Q

FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

PETALING JAYA: The semiconductor manufacturing sector is poised for a rebound in the fourth quarter of 2023, paving the way for sustained growth in 2024, according to US-based Semiconductor Equipment Manufacturers Industry (SEMI).

Electronic sales are predicted to register a robust 22% quarter-over-quarter increase in Q4 2023, adding to 7% growth posted in 3Q23, SEMI announced in its 3Q23 Semiconductor Manufacturing Monitor (SMM) Report, prepared in partnership with TechInsights.