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Global semiconductor market expected to hit $520 billion in 2023

Exceeding the spring projections with slightly better Q2 and Q3 results, the updated market valuation for 2023 is now estimated at USD 520 billion, marking a 9.4% decline from the previous year. However, this is anticipated to be followed by a robust recovery, with an estimated growth of 13.1% in 2024, reports ESIA.
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