Semiconductors – Industry Outlook
Zacks Market Commentaries (June 24th, 2009) Writes:
On June 5th, the Semiconductor Industry Association (SIA) released its annual mid-year forecast projecting worldwide sales of $195.6 billion for 2009, a decline of 21.3% from sales of $248.6 billion in 2008. SIA projects that sales will begin to rebound in 2010, with year-on-year growth of 6.5 percent to $208.3 billion, followed by 6.5 percent growth in 2011 to $221.9 billion.
On June 1st, the SIA announced worldwide sales of semiconductors rose to $15.6 billion in April, an increase of 6.4% from March when sales were $14.7 billion, the Semiconductor Industry Association (SIA) reported today. April sales were 25% lower than April 2008 when sales were $20.9 billion.
SIA president George Scalise had some interesting comments:
"The better-than-expected 6.4% sequential increase in April sales was driven by moderate improvements in a number of end-demand drivers and inventory replenishment...[T]he PC market -- a major consumer
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