26 Apr '12, 3am

IHS lifts 2012 growth forecast for semiconductor industry to 4.3% from a prior 3.3%, due to smartphone & tablet demand

IHS raises forecast for 2012 chip market growth Press release; Jessie Shen, DIGITIMES [Thursday 26 April 2012] IHS iSuppli has revised upward its growth forecast for the 2012 semiconductor market to 4.3% from the 3.3% estimated previously, citing strong ongoing consumer demand for wireless products like cellphones and media tablets. Global semiconductor revenues are expected to reach US$324.6 billion in 2012, up from US$311.4 billion last year, according to IHS. It previously estimated revenues at US$323.2 billion, a 3.3% rise from 2011 levels. Barring an unforeseen economic slump in world markets or grave missteps by the industry, revenues should continue to climb during the next few years, hitting approximately US$412.8 billion by 2016, IHS indicated. "Semiconductor revenue growth is expected to rise in 2012 compared to last year as consumers begin to believe that the gl...

Full article: http://www.digitimes.com/news/a20120426PR200.html

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