Computing remained the leading IDM application field in 1Q24, accounting for 35% of the total share, up from 29% in the same period last year, says IDC.
It was followed by the wireless communication market. The automotive market showed signs of sluggishness under the weight of mounting chip inventories, while the industrial market focused on de-inventory as customers double-ordered and stockpiled goods in response to the supply chain disruptions in the previous year.
As a result, these two markets saw a sharp drop in their share compared to the same period last year. They are forecast to prioritize inventory adjustment in 1H24 and witness a rebound in the third quarter.
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