Samsung: Sharp decline in chip sales will continue into next year

(The picture comes from the Internet)

　　On Wednesday (September 7) local time, Kyung Kye-hyun, head of Samsung's semiconductor division, said at a press conference that the sharp decline in chip sales is expected to continue into next year, "The second half of this year looks bad, and it seems , and it doesn't appear to show significant momentum for improvement next year."

　　Kyung pointed out that as the world's largest chip maker, Samsung will respond appropriately to the rapidly changing market environment. Earlier this year, industry executives generally believed that the second half of 2022 would be stronger than the first. But by the end of the spring, it became clear that instead of picking up, demand would slow down significantly, Kyung said.

　　Despite slowing market growth, Kyung said Samsung will continue to expand investment and R&D spending. He suggested that Samsung could use the economic downturn to grab more market share, without elaborating.

　　During the COVID-19 pandemic, as demand for tech products surged, the semiconductor industry rode the wind and achieved record growth. Still, the fall has caught many chip companies by surprise as the fallout from high inflation, rising interest rates and geopolitical tensions has dented spending by consumers and businesses since 2022.

　　Global chip sales are expected to grow 13.9 percent this year to $633 billion, according to a recent forecast by the World Semiconductor Trade Statistics Organization, which is down from an earlier forecast of a 16.3 percent increase.

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