Semiconductor revenue to fall over 7% in 2019 and rebound in 2020

Thursday 16 May 2019 | 14:48 CET | News

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Global semiconductor revenues will fall this year after three years of growth, to then recover in 2020 when oversupply issues get resolved, the latest study from IDC revealed. The semiconductor market will decline 7.2 percent year-on-year in 2019 to USD 474 billion, pulled down by the oversupply of automotive, mobile phones and cloud infrastructure as well as weak demand from China. It will then recover next year and reach USD 524 million in 2023. The compound annual growth rate for 2018-2023 will amount to 2.0 percent.

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Categories: General
Companies: Intel
Countries: World
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