Global semiconductor revenue is projected to decline 11.2 per cent in 2023, according to a forecast. According to the latest forecast from Gartner, in 2022, the market totalled USD 599.6 billion, which was marginal growth of 0.2 per cent from 2021. The short-term outlook for the semiconductor market has deteriorated further. Global semiconductor revenue is forecast to total USD 532 billion in 2023. "As economic headwinds persist, weak end market electronics demand is spreading from consumers to businesses, creating an uncertain investment environment. In addition, an oversupply of chips which is elevating inventories and reducing chip prices, is accelerating the…