<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 27): Global shipments of silicon wafers are projected to decline 14% in 2023, to 12,512 million square inches (MSI) from a record high of 14,565 MSI in 2022, before bouncing back in 2024 as wafer and semiconductor demand recovers and inventory levels normalise, according to SEMI in its annual silicon shipment forecast.</p></div>

<div class=newsTextDataWrapInner><p>In a statement on Oct 24, SEMI said the continuing softness in demand for semiconductors and challenging macroeconomic conditions are driving the 2023 decline.</p></div>

<div class=newsTextDataWrapInner><p>Silicon wafers are the fundamental building material for the majority of semiconductors, which are vital components of all electronic devices.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class="mt-3  imgw-400 embed-right"><a class="mobx embedimg-icon" data-rel="ceolightbox" href="//assets.theedgemarkets.com/pics/2023/silicon-wafer-semi-2710.png"><img alt="" src="https://assets.theedgemarkets.com/pics/2023/silicon-wafer-semi-2710.png" /></a></div>

<div class=newsTextDataWrapInner><p>The highly engineered thin disks are produced in diameters of up to 12 inches and serve as the substrate material on which most semiconductor devices, or chips, are fabricated.</p></div>

<div class=newsTextDataWrapInner><p>SEMI said that the momentum from the 2024 rebound is expected to continue through 2026, with wafer shipments setting new highs as silicon demand increases to support artificial intelligence, high-performance computing, 5G, automotive and industrial applications.</p></div>


Global shipments of silicon wafers are projected to decline 14% in 2023, to 12,512 million square inches (MSI) from a record high of 14,565 MSI in 2022, before bouncing back in 2024 as wafer and semiconductor demand recovers and inventory levels normalise, according to SEMI in its annual silicon shipment forecast.

Global silicon wafer shipment growth to bounce back in 2024, says SEMI

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations, it said on Wednesday.

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The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

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The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

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<p>(May 1): Mirzan Mahathir, the son of former Malaysian prime minister Tun Dr Mahathir Mohamad, intends to invest US$100 million (RM477 million) in a cement factory in South Sudan.</p>

<p>If approvals are granted timeously, the plant should be operational in 24 months and will use limestone from...

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<p>Amazon.com reported quarterly results above Wall Street's expectations on Tuesday, as interest in artificial intelligence helped drive cloud-computing growth.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.</p>


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<p>Prime Minister Lee Hsien Loong called on Singaporeans to rally behind his successor as he prepares to step aside later this month after a two decades-long stint in power.</p>


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<p>Oil prices fell for a third day on Wednesday amid increasing hopes of a ceasefire agreement in the Middle East and on rising crude inventories and production in the US, the world's biggest oil consumer.</p>
