Full-year IC sales forecast raised: expected to increase by nearly 24%
Time:2024-04-05
Views:87
Source: Daily IC
Research institute TechInsights updated its full-year 2024 IC sales forecast on March 4, raising its previous growth of 16% to 24%, due to a significant increase in memory product sales.
The agency said that it is expected that global memory product sales will rise by 71% in 2024, much higher than the previous forecast of 41%. Due to the improvement in demand and the effect of large manufacturers to reduce production, the pricing of memory products is much higher than expected.
According to TechInsights, current electronics OEM inventories continue to decline, with the IC inventory/sales ratio coming in below the historical average in the fourth quarter of 2023, indicating a return to healthy levels. die bank inventories are falling, but the ratio of inventories to sales remains above historical norms.
Research institute TechInsights updated its full-year 2024 IC sales forecast on March 4, raising its previous growth of 16% to 24%, due to a significant increase in memory product sales.
The agency said that it is expected that global memory product sales will rise by 71% in 2024, much higher than the previous forecast of 41%. Due to the improvement in demand and the effect of large manufacturers to reduce production, the pricing of memory products is much higher than expected.
According to TechInsights, current electronics OEM inventories continue to decline, with the IC inventory/sales ratio coming in below the historical average in the fourth quarter of 2023, indicating a return to healthy levels. die bank inventories are falling, but the ratio of inventories to sales remains above historical norms.
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