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SIA Estimates Rebound Will Begin in 2010
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| Suzanne Deffree, Managing Editor, Electronic News |
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| 8 June 2009 |
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| The Semiconductor Industry Association releases its mid-year forecast and says that while sales growth is expected in 2010, as well as 2011, the semiconductor industry will first have to wade through a 21.3 percent decline in 2009. |
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Sales growth is coming, just not this year.
The SIA (Semiconductor Industry Association) released its annual mid-year forecast projecting worldwide sales of $195.6 billion for 2009.
The sales estimate represents a decline of 21.3 percent from sales of $248.6 billion in 2008 and are in line with a separate estimate from Gartner that calls for a 22.4 percent year-over-year sales decline in 2009.
Gartner's estimate, made last week, revised the market research company's February estimate, which called for a 24.1 percent decline. While the change is less than a 2 percent improvement, it is significant as it moves industry projections away from Gartner's worst-case scenarios, which estimated up to a 33 percent decline for 2009 sales.
SIA projected that sales will begin to rebound in 2010, with year-on-year growth of 6.5 percent to $208.3 billion. That growth will be followed by a 6.5 percent increase in 2011, moving sales to $221.9 billion, SIA estimated.
The SIA earlier this week reported a 6.4 percent sequential increase in sales for the month of April. April sales were $15.6 billion, according to SIA, which also reported that the PC and cell phone markets have been stronger than predicted. The PCs and cell phones account for nearly 60 percent of all semiconductor consumption.
Electronic News, a sister publication of EM Asia |
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