According to a report released by IHS iSuppli, Global semiconductor market revenue in Q2 2012 fell by 3 per cent year-on-year (YoY) to $75.2 billion, resulting in widespread revenue declines for chip suppliers, particularly those headquartered in Japan and Europe.
In 2012, Q2 revenue increased by less than 3 per cent compared to the typically weak first quarter. If the semiconductor industry were on a trajectory for stronger annual growth in 2012, sequential growth would be expected to amount to at least 4 per cent or more in Q2, as per market research firm, IHS.
“The disappointing sequential growth came amid economic concerns such as the Eurozone crisis, slowing manufacturing growth in China and stubbornly highly unemployment in the US. Approximately two-thirds of the world’s semiconductor suppliers saw their revenues decline in the second quarter compared to the same period in 2011.
This weak performance bodes ill for the semiconductor industry’s growth prospects for the entire year,” said Dale Ford, senior director of electronics and semiconductor research at IHS.
Global semiconductor revenue grew by a marginal 1.4 per cent in 2011 but IHS forecasts that the growth could be even weaker in 2012.
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