The IT market is expected to remain depressed until the third quarter of next year due to a sharp decline in consumer demand caused by inflation and an economic downturn. Experts predict that a technical rebound driven by robust industrial demand and demand elasticity will not occur until the second half of next year.

SEMI Korea held 'SEMI Members' Day 2022' at the Suwon Convention Center on the 27th.

At the event, SEMI Korea CEO Cho Hyun-dae presented '2022 SEMI Update', NH Investment & Securities Team Leader Kim Hwan presented '2022 Global Economic Outlook', IDC Vice President Kim Soo-gyeom presented '2022 Global Semiconductor Market Outlook', Tech Insight Fellow Choi Jeong-dong presented 'Memory Tech Trends', Yulchon Attorney Jeong Dae-won presented 'Manufacturers' Response Plan to the Serious Accident Punishment Act and Case Study', and SEMI Director Dan Tracy presented 'Global Semiconductor Materials Market Outlook and Supply Chain Issues'.

In the presentation that day, speakers predicted that the IT market would continue to stagnate in the second half of this year due to the global economic downturn.

In particular, it was analyzed that the decline in consumer spending sentiment was the biggest factor, and accordingly, home appliances and mobile products are expected to show negative growth this year.

Accordingly, memory semiconductors such as NAND and DRAM are also expected to continue negative growth this year, unlike other sectors.

In particular, the price decline for memory was expected to continue, and the price decline was expected to continue until the first half of next year, with a technical rebound due to demand elasticity expected to occur around the third quarter of next year.

Accordingly, it is understood that the current memory-related shortage has almost disappeared, and inventory is expected to continue to increase until the end of next year.

Among memory types, it is predicted that NAND will have a more difficult time controlling the market than DRAM.

Despite the decline in consumer demand, industrial demand remains strong.It was expected to be difficult.

In particular, server volume was expected to continue.

Accordingly, the overall IT market is expected to rebound next year due to industrial demand, including data center server volume.

In relation to this, the outlook for the foundry market is expected to be difficult for companies other than TSMC and Samsung Electronics.

In particular, experts predict that foundry capacity will be oversupplied in the second half of this year, and that investment in 8-inch products will likely be halted, unlike last year, and that competition will only occur in products 12 inches or larger.

Foundry orders are also expected to adjust to consumer demand, and foundries are expected to show overcapacity after 2023.

The presenters predicted that although the global consumption is shrinking, the US will not fall into a deep recession in 2023 as consumer asset prices are rising and the purchasing power of US households is increasing due to US subsidies, and they predicted that the IT market will rebound again from 2024 when the economy enters an upturn.