As we approach 2023, global macroeconomic and geopolitical variables are emerging as the primary forces molding the semiconductor sector. The market worth of the top 10 global chip companies has dropped by 34% from US$2.9 trillion in November 2021 to US$1.9 trillion in November 2022 due to rising interest rates, high inflation, decreasing consumer confidence and tech-led stock market retreats.
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