NuAxiSemiconductor trade intelligence
After 23% drop in 23% in 2022, LED chip market to rebound by 5% to $2.92bn in 2023
What happened
TrendForce reports the global LED chip market declined 23% in 2022 due to a demand slump and oversupply, leading to continuous price drops. The firm forecasts a modest 5% rebound to $2.92 billion in 2023. Bearish: The primary signal remains oversupply-driven price pressure, with a weak recovery insufficient to signal a sustained price upturn.
Impact and signal
Low impactImpact score: 15/100
Affected components and suppliers
LED Chip
oversupplyprice-declinemarket-recovery
Source and time
Source: Semiconductor Today · 6/1/2023 · View original source
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