Moreover, with the softening of the memory market, IC Insights projects that year-over-year IC market growth in 4Q will be only 6%.
Third quarter sequential growth confirms the slowing year-over-year trend.
In 2017, 3Q/2Q IC market growth was 11%.
This year, 3Q/2Q growth slowed to a 6% increase (the same rate as the long term average).
As mentioned, the softening memory market has started to become a “headwind” on total IC market growth.
It is interesting that in 2017, the 3Q/2Q memory market growth rate was a very strong 18%.
In contrast, the 3Q/2Q memory market increase in 2018 was 8%, less than half of last year’s rate.