Semiconductor industry may dip in 2023, but rebound expected in 2024
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The global semiconductor market is expected to see a double-digit downfall in 2023, according to World Semiconductor Trade Statistics. But 2024 looks brighter, with the industry body forecasting an estimated 11.8% growth for the year. 

WSTS expects the global semiconductor market size to decline 10.3% to $515B this year amid increasing inflation and weakening demand in end markets.
The 2023 category-wise bifurcation shows Discrete and Optoelectronics could sustain single-digit Y/Y growth in 2023, at 5.6% and 4.6%, while other categories could likely see negative growth. The Memory segment is expected to decline ~35% Y/Y.
The 2023 regional bifurcation shows Europe and Japan could experience growth of 6.3% and 1.2%. Meanwhile, the Americas and Asia Pacific are expected to drop 9.1% and 15.1%, respectively.
The global semiconductor industry is forecasted to grow 11.8% to $576B in 2024 with a major rebound expected in the memory segment (up ~40% from last year). Other categories including Discrete, Sensors, Analog, Logic, and Micro will likely show single-digit growth. 
Top semiconductor ETFs include: VanEck Semiconductor ETF (SMH); iShares Semiconductor ETF (SOXX); SPDR S&P Semiconductor ETF (XSD); Invesco Dynamic Semiconductors ETF (PSI); ProShares Ultra Semiconductors (USD); First Trust Nasdaq Semiconductor ETF (FTXL).
Top semiconductor names: Intel (INTC); Micron Technology (MU); Texas Instruments (TXN); Qualcomm (QCOM); NXP Semiconductors (NXPI); Microchip Technology (MCHP); Applied Materials (AMAT). 
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