Semiconductor CapEx Down in 2024

Semiconductor CapEx Down in 2024
by Bill Jewell on 03-21-2024 at 2:00 pm

Delayed Wafer Projects

U.S. President Biden announced on Wednesday an agreement to provide Intel with $8.5 billion in direct funding and $11 billion in loans under the CHIPS and Science Act. Intel will use the funding for wafer fabs in Arizona, Ohio, New Mexico, and Oregon. As reported in our December 2023 newsletter, the CHIPS Act provides a total of $52.7… Read More


Strong End to 2023 Drives Healthy 2024

Strong End to 2023 Drives Healthy 2024
by Bill Jewell on 02-16-2024 at 6:00 am

Semiconductor Market Change 2024

The global semiconductor market grew 8.4% in 4Q 2023 from 3Q 2023, according to WSTS. The 8.4% gain was the highest quarter-to-quarter growth since 9.1% in 2Q 2021. This was also the highest 3Q to 4Q increase in 20 years, since an 11% rise in 4Q 2003. 4Q 2023 was up 11.6% from a year ago, following five quarters of negative year-to-year… Read More


CES 2024

CES 2024
by Bill Jewell on 01-11-2024 at 3:00 pm

CES 2024

CES 2024 is being held this week in Las Vegas, Nevada with an estimated 130,000 attendees and over 4,000 exhibitors. CES (previously Consumer Electronics Show) has been held in Las Vegas every year since 1978, except for 2021 due to COVID-19. This was my ninth CES representing Semiconductor Intelligence, with the first in 2012.… Read More


CHIPS Act and U.S. Fabs

CHIPS Act and U.S. Fabs
by Bill Jewell on 12-19-2023 at 10:00 am

Major Future US Fabs

In August 2022, U.S. President Biden signed into law the CHIPS and Science Act of 2022 to provide incentives for semiconductor manufacturing in the United States. In a case of creating the acronym first and then finding a name to fit, CHIPS stands for Creating Helpful Incentives to Produce Semiconductors. The act provides a total… Read More


Semiconductors Headed Toward Strong 2024

Semiconductors Headed Toward Strong 2024
by Bill Jewell on 11-20-2023 at 6:00 am

Semiconductor Market Change 4Q23

The global semiconductor market is now solidly in a turnaround. WSTS revised its data for 2Q 2023 growth over 1Q 2023 to 6.0% from 4.2% previously. 3Q 2023 was up 6.3% from 2Q 2023. With our Semiconductor Intelligence forecast of 3% growth in 4Q 2023, the year-to-year growth in 4Q 2023 will be a positive 6%. This will set the stage for… Read More


Electronics Production Trending Up

Electronics Production Trending Up
by Bill Jewell on 10-24-2023 at 1:08 pm

Unit Change Electronics 2H 2023

Production of electronic devices is finally on the uptrend following a post-pandemic slump in late 2021. According to IDC, smartphone shipments versus a year ago turned negative in 3Q 2021 at -6%. The decline hit a low of -18% in 4Q 2022. Since then, smartphones have been recovering. IDC data is not yet available, but Canalys estimated… Read More


Nvidia Number One in 2023

Nvidia Number One in 2023
by Bill Jewell on 09-21-2023 at 8:00 pm

Nvidia number one in 2023

Nvidia will likely become the largest semiconductor company for the year 2023. We at Semiconductor Intelligence (SC-IQ) estimate Nvidia’s total 2023 revenue will be about $52.9 billion, passing previous number one Intel at an estimated $51.6 billion. Nvidia’s 2023 revenue will be almost double its 2022 revenue on the strength… Read More


Turnaround in Semiconductor Market

Turnaround in Semiconductor Market
by Bill Jewell on 08-14-2023 at 1:30 pm

Semiconductor Market Change Q3 2023

The global semiconductor market grew 4.2% in 2Q 2023 versus 1Q 2023, according to WSTS. The 2Q 2023 growth was the first positive quarter-to-quarter change since 4Q 2021, a year and a half ago. Versus a year ago, the market declined 17.3%, an improvement from a 21.3% year-to-year decline in 1Q 2023. Semiconductor market year-to-year… Read More


Has Electronics Bottomed?

Has Electronics Bottomed?
by Bill Jewell on 07-19-2023 at 6:00 pm

Electronics Bottomed 2023 1

The current slump in the electronics market began in 2021. Smartphone shipments versus a year earlier turned negative in 3Q 2021. The smartphone market declines in 2020 were primarily due to COVID-19 related production cutbacks. The current smartphone decline is due to weak demand. According to IDC, smartphone shipments were… Read More


Semiconductor CapEx down in 2023

Semiconductor CapEx down in 2023
by Bill Jewell on 06-28-2023 at 2:00 pm

Semiconductor Capex 2021 2022 2023

Semiconductor capital expenditures (CapEx) increased 35% in 2021 and 15% in 2022, according to IC Insights. Our projection at Semiconductor Intelligence is a 14% decline in CapEx in 2023, based primarily on company statements. The biggest cuts will be made by the memory companies, with a 19% drop. CapEx will drop 50% at SK Hynix… Read More