AMD, Intel and Nvidia are all planning new CPU and GPU products in 2023.  Apple will also launch a new laptop in 2023 with a 3nm chip made by Taiwan Semiconductor.  Apple is also rumored to be launching an AR/VR device in 2023, and sales of new innovative devices will drive chip growth.  According to DIGITIMES Research, current high inventories of various components and finished products will be worked off in the first half of 2023.

Micron has announced cuts in DRAM and Nand production to cushion the impact of falling prices. SK Hynix also announced a 50 per cent cut in capital expenditure.