After five straight quarters with declining revenue, the semiconductor industry reversed course and increased revenue in the second quarter, according to a report by market researcher Omdia.
The company’s Competitive Landscape Tracker said quarterly revenue grew 3.8% to $124.3 billion Q2. This growth is in line with historical patterns for the total semiconductor market, with the second quarter revenue increasing on average of 3.4% from the first quarter (using data from 2002 through 2022).

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