Semiconductor giants discuss next year's prospects: healthy growth, steady rebound?

As we enter the end of 2023, the semiconductor industry has experienced a difficult period in the first half of the year due to factors such as economic headwinds and sluggish demand for consumer electronics. However, in the second half of the year, the market continues to release positive news, with original memory manufacturers reducing production effectively and related product prices rebounding; Smartphones and laptops have achieved growth in shipments driven by seasonal demand; Driven by artificial intelligence, there is a strong demand for high-performance chips; The automotive semiconductor market continues to grow... How will the semiconductor market develop in the future? Recently, three major companies, TSMC, NXP, and Renesas, have provided answers.

TSMC: Next year will be a year of healthy growth

On December 13th, when asked about the semiconductor business situation next year, TSMC Chairman Liu Deyin pointed out that the semiconductor market will be a healthy growth year next year. Please rest assured.

On December 8th, TSMC President David Wei stated that 2023 is in the period of inventory adjustment. Despite external factors such as high inflation and continuously rising costs, there is still uncertainty in 2024. However, due to the rapid development of AI applications, 2024 will also be a year full of opportunities.

Wei Zhejia emphasized that we must develop technologies that can provide excellent performance while effectively controlling power to meet the growing demand for AI computing power. In addition, sufficient production capacity must be provided to meet end demand, while continuing to cooperate in terms of cost.

NXP: optimistic about automotive semiconductors

Recently, Ron Martino, Executive Vice President of Global Sales at NXP Semiconductors (NXP), stated that even though the growth expectations of the global electric vehicle market are expected to slow down, the development of automotive semiconductors has always been the most impressive part of the semiconductor market. Therefore, in terms of automotive semiconductor business, according to NXP's previous financial report conference, it is expected to maintain a growth state.  

Ron Martino introduced that NXP's performance in 2023 will be led by automotive semiconductors, followed by industrial IoT applications, and then mobile communication and network infrastructure application semiconductors. Among them, 50% comes from the automotive semiconductor market and 20% comes from the industrial IoT market, which makes NXP expect to maintain strong growth momentum in the future.

In order to meet the demand of the automotive semiconductor market, NXP has recently not only released new products to seize the business opportunities of electric vehicles, but also actively collaborated with partners to create scalable solutions.

Renesas: The market is expected to steadily rebound

According to Nikkei News, recently Renesas President Hideyoshi Shibata stated that the industry has made progress in destocking and is expected to steadily rebound in 2024.

Shibata Hideyoshi is optimistic about the development of generative AI next year, believing that it will drive the growth of the semiconductor market in 2024. In addition, Hideyoshi Shibata also pointed out that AI related data centers will further expand, and the number of servers and network equipment accommodated in them should also increase significantly. There is no limit to the growth of AI and its surrounding fields.

As for the consumer electronics market, Hideyoshi Shibata stated that smartphones have become a cyclical market, with stronger growth potential in the computing chip market, including personal computers。