Seektronics

In 2022, the semiconductor market reached an all-time high with total revenues of $595. 7 billion, slightly higher than the record revenue of $592.8 billion in 2021. But with four consecutive quarters of decline, the semiconductor market is by no means having a record year in its current state, according to a new research survey by Omdia. fourth quarter 2022 contracted 9 percent from the previous quarter, the largest drop in the current economic downturn. fourth quarter 2022 revenue was $132.4 billion, just 82 percent of fourth quarter 2021's record quarterly revenue of $161.1 82 percent of the record quarterly revenue of $161.1 billion in the fourth quarter of 2021. In 2021, revenues grew at double-digit rates in all major application areas, from 11% in the wireline communications industry to 36% in semiconductors for the consumer electronics industry. record revenues in 2022 were mixed, with the automotive semiconductor market growing 21% year-over-year. On the other hand is the

European chipmaker Infineon is betting on next-generation power semiconductors - used in everything from ultra-high-speed cell phone chargers to electric vehicles - to spur growth in a sluggish broader chip market.   Power semiconductors are part of power management systems that can withstand high voltages and currents. Infineon is targeting advanced materials that are expected to have higher capacity and efficiency than traditional silicon-based power chips.   Adam White, the company's president for power and sensor systems, told Nikkei Asia that Infineon is particularly bullish on gallium nitride (GaN) chips. "Our goal is to be the [chip industry] leader in power systems," White said. "We see the tipping point for GaN happening in real time."   The company predicts that the market for GaN chips will grow at a rate of 56 percent per year through 2027.   Infineon recently disclosed an $830 million deal to acquire Ottawa chip designer GaN Systems to expand its pr