1.Development of the Semiconductor Industry

1.1 IC Design

1.1.1 Peak Season Performance Fails to Meet Expectations in 2H23

1.1.2 IC Design Firms Diversify into Multiple Applications amid Continued AI Boom

1.2 IC Manufacturing

1.2.1 Wafer Foundry Outlook Cautious due to Low Order Visibility

1.2.2 Memory Supply and Demand Expected to Stabilize during 4Q23 to 1H24

1.3 IC Packaging and Testing

1.3.1 Peak Season Effect Depending on Consumer Market Momentum Pickups

1.3.2 Emerging Trends in HPC and AI Applications Continue to Drive Demand for Advanced Packaging and Testing

Appendix

List of Companies