1. Advanced packaging revenue decreased by 9% in Q1 2024, reaching $10.2 billion. 2. The quarter is expected to be the weakest of the year, with an 8.1% decline from the previous quarter. 3. Recovery in the advanced packaging market is anticipated in 2024.
Recent #Economic Recovery news in the semiconductor industry
1. The US economy has shown resilience despite aggressive tightening policies, but consumer fatigue and inflation pose challenges. 2. The Fed is expected to cut interest rates to sustain the recovery, balancing economic growth and inflation. 3. Equities, particularly in tech and AI, have outperformed, but market volatility is expected to increase as earnings face challenges and the Presidential election approaches.