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IC market: two-year decline will be first in history

Apr 27, 2020
integrated circuits

Predictions are that ICs (Integrated Circuits) shipments will fall by 3%, which follows a 6% decline in 2019, creating the first consecutive two-year recession in the history of IC shipments, says IC INsights.

IC Insights have published a top 10 best and worst years for IC shipments. They pointed out that from 2013 to 2018, IC shipments have been on a steady growth trajectory, but in 2019 they dropped by 6%.

They noted the COVID-19 pandemic “makes the market prospects full of uncertainty, and it will be more difficult for the IC industry in 2020”. The article continued, “In this regard, IC Insights’ baseline forecast for global IC market growth in 2020 is currently -4%, and it is expected that overall IC shipments will decline by 3% this year.”

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