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The global semiconductor industry is showing signs of recovery after a period of declining sales. However, this trend has begun to moderate, indicating a potential turning point for the semiconductor market. Despite the expected recovery, it is important to note that the semiconductor industry operates in cycles. The semiconductor industry plays a crucial role in various sectors, including electronics, automotive, telecommunications, and healthcare. In conclusion, the global semiconductor industry seems to be reaching the end of a downcycle and is expected to embark on a recovery period beginning in 2024.