Notably, the IC market has never shown more than three sequential quarters of decline!
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The November Quarterly Update to the 2022 McClean Report will be released later this month. This Update includes a discussion of the 2022-2026 semiconductor industry forecast by major product type, an updated forecast for semiconductor industry capital spending through 2026, and a look at the expected top-25 2022 semiconductor suppliers.
Over its 60-year history, the IC industry is well known for its cyclical behavior. Looking back to the mid-1970s, there hasn’t been a period where the IC market declined for more than three quarters in a row. Following a 9% drop in the 3Q22 IC market, and assuming the 4Q22 and 1Q23 IC markets register a decline, the 3Q22-1Q23 timeperiod would mark the seventh three-quarter IC market drop on record (Figure 1).
