1. The first half of 2023 is at the bottom of the industry cycle,due to the rising inflation and weak demand in the end market as well as geopolitics.

2. The most obvious decline is #memorychips,which is expected to drag down the growth of the entire semiconductor market.

In the second quarter of 2023, the market size of DRAM and NAND will decrease by 22% and 19%, respectively.

3. The #automotive and #communication markets are still prosperous and promising,automotive industry is expected to triple by 2030,outpacing the others.

As far as I’m aware,Automotive is the trend and everyone wants to have a bite of this big cake.

In Chinese market, Baidu, BYD, NIO, Li Auto, Xpeng Motors are rising in the market recent years and there are still lots of rooms in the market awaits to occupy.