©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.
Gartner Press Release
Worldwide semiconductor revenue is forecast to reach $309 billion in 2012, a 2.2 percent increase from 2011, according to Gartner, Inc. This outlook is down from Gartner’s previous projection in the third quarter for 4.6 percent growth in 2012.
“With continuing concern over the future of the eurozone affecting the global economy, the high degree of uncertainty impacting spending by both consumers and enterprises looks set to continue, bringing with it significant implications for the semiconductor industry,” said Bryan Lewis, research vice president at Gartner. “The near-term forecast is being shaped not only by economic forces but by an inventory correction, manufacturing oversupply and natural disasters.”