Tags

Recent Articles

NAND Flash market heads towards shortage, Phison CEO forecasts

The NAND Flash market is set for a significant shift, as Phison's CEO, Pua Khein-Seng, predicts a shortage in the coming year. This forecast emerges amid a backdrop of production reductions by major memory chip manufacturers and a revitalising end market, leading to a...

U.S. Government invests $3B to boost semi packaging tech

In a strategic move to bolster its position in the semiconductor industry, the U.S. Government has committed $3 billion to advance its leadership in semiconductor packaging technologies, reports The Register. This investment, part of the CHIPS for America funding,...

Uncertainty looms over German chip fab funding for Intel and TSMC

Germany's ambitious plans to become a hub for semiconductor manufacturing, involving major players like Intel and TSMC, have hit a significant roadblock following a recent ruling by the country’s Federal Constitutional Court, reports The Register. The court deemed the...

Semiconductor industry forecast: surging towards sustainable growth

In an electrifying turn of events, the semiconductor industry is poised for a robust recovery, as forecasted by the International Data Corporation (IDC). The sector, crucial to the global electronics industry, is set to witness a 20.2% growth in 2024, escalating the...

Semiconductor 2020 outlook slashed by 5%

May 6, 2020
semiconductor manufacturing

The coronavirus crisis will undercut growth in the global semiconductor business in 2020, with the looming threat of global recession prompting Omdia to slash its market forecast—despite soaring demand for chips from the medical sector.

The worldwide semiconductor market now is expected to decline by 5% in 2020, excluding memory ICs, according to a new report by technology market researchers, Omdia. With memory included, global revenue for the overall market will total US$439.3 billion in 2020, up 2.5% from US$428.5 billion in 2019. This is a significant reduction from the previous Omdia forecast of 5.5% growth for this year.

“Omdia has cut its semiconductor forecast substantially as the ramifications of the coronavirus on the global economy have come into sharper focus,” said Myson Robles-Bruce, research analyst, semiconductor value chain, at Omdia. “With Japan already in recession and economists expecting the U.S. and Europe to enter recessions in the second quarter, demand is weak in every region and almost every market. The pandemic has negatively impacted supply chains and market demand across all component categories.”

global semi forecast.jpg

The above chart is copyright Omdia