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Semiconductor Forecast Slumps

Post date:2016-04-08
Rick Merritt
4/8/2016 04:15 PM EDT 
SAN JOSE, Calif. – With the year off to a sluggish start, a veteran market watcher lowered its forecast for chip sales this year. Semiconductor sales will contract 2.13% this year to $330.56 billion, said International Business Strategies (IBS; Los Gatos, Calif.) after projecting a decline of about 1% in November.

The news comes on the heels of an announcement that the three-month average of the global market for semiconductors ending in February fell 6.2 percent compared with the same figure in 2015, down from a 5.8 percent decline in January.

“Based on talking to customers about buying patterns, we see softness,” said Handel Jones, chief executive of IBS.  “Smartphone sales are slowing, and the composition of the market is changing with about half all chips bought by companies in China who want low-end devices,” Jones said.

Continue reading on EE Times site.

Article originally posted on EE Times.

Last modification time:2016-05-17 PM 4:37

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