The global semiconductor industry saw a rise in sales to $51.7 Billion during the second quarter of 2009, indicating to the recovery of industry from recession.
According to the Semiconductor Industry Association (SIA), the sales of semiconductor worldwide rose 17% on quarterly basis to $51.7 Billion in Q2 2009, but declined 20% when compared to $64.7 Billion recorded in the same period last year (Q2 2008), as reported by
Reuters.
The global semiconductor sales rose by 3.7% to $17.2 Billion in June from its previous month (May 2009). Japan and North America were the leaders of IC sales growth as Japan witnessed monthly rise of 8.2% and North America 4.8%. Besides, all regions posted uptrend in sales but Europe recorded the weakest growth of 0.7%.
Both customers and producers had their contribution in moderating the impact of global economic slowdown on the industry as they laid emphasis on supply chain management. Inventories were carefully managed that gave an impression to people that sales had been rising quarterly and demand gradually recovering.
In addition, the Chinese government’s economic stimulus package and incentives for consumer products and investment in 3G/TDSCDMA communications infrastructure have fueled semiconductor sales in the world’s largest chip market.
The total sales till the end of first half of 2009 stood at $95.9 Billion, down 25% from $127.5 Billion in the corresponding period a year ago (first half of 2008).
RNCOS, a leading market research, states in its market report “
Semiconductor Industry Forecast to 2012” that the global semiconductor industry is expected to see downtrend in 2009 owing to the financial crisis.
However, as the financial crisis fades later this year, the market will rise again and the scenario for 2010 will improve. Thus, the global semiconductor market is projected to grow at a moderate CAGR of nearly 7% in 2010-12 period, said the report.
A Senior Research Analyst at
RNCOS said, “With fast growth in the global communication and electronic industry, the semiconductor market posted rise in its sales till the first half of 2008. However, the situation started to get worse with the fall of major economies such as the US, Japan and Europe into the recession. Now the industry seems to have been recovering as it recorded improvement in sales for the fourth consecutive month in June 2009. The timing and rate of returns still largely depend on the macro-economic recovery.”
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