Ethernet Adapter Market Correction Underway in 1Q 2023, According to Dell’Oro Group

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“After achieving record growth in 2022, the Ethernet Controller and Adapter market started the year on a soft note with revenues down 8 percent Y/Y in 1Q 2023,” said Baron Fung, Senior Research Director at Dell’Oro Group. “This was not a surprise given that the market for most server components has been in a correction for several quarters, and server demand had fallen sharply during the quarter.

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