TX - WSTS expects double-digit growth of semiconductor market in 2022

After reaching growth of 26.2% in 2021, World Semiconductor Trade Statistics or WSTS expects global semiconductor market to rise 16.3% in 2022, with a forecast of $646B. Asia Pacific, is expected to grow 13.9%; America 22.6%; Europe 20.8%, and Japan 12.6%. Forecasts strong chip demand for another consecutive year, with most major categories expected to see high teens year-over-year growth in 2022, led by Logic with 20.8% growth, Analog with 19.2% growth, and Memory with 18.7% growth; Optoelectronics remains the weakest category and is expected to be roughly flat (+0.3% Y/Y). 2023 market is expected to grow by 5.1% in 2023 to $680B, driven by mid-single digit growth in the Logic and Analog categories. The Logic category is projected to reach $200B in 2023, roughly 30% of the total market. Top semiconductor market contributor reads: 'Semiconductor Stocks: Q2 2022 Overview'; 'Invesco PHLX Semiconductor ETF: An Incredible Growth Opportunity' A look at monthly

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WSTS expects double-digit growth of semiconductor market in 2022