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Global chip market to fall 24 pct in 2009 -Gartner
Global semiconductor revenue, hit by the economic downturn, is expected to fall 24 percent to $194.5 billion in 2009, according to research firm Gartner, in a marked worsening from its December outlook. In mid-December Gartner forecast a 16 percent fall in the 2009 chip market.
"We believe that the financial crisis has reset the semiconductor market," Bryan Lewis, research vice president at Gartner, said in a statement on Wednesday. "After the 2001 recession, in which semiconductor sales plummeted by a record 32.5 percent, semiconductor sales took about four years to get back to 2000 levels." Gartner forecast the semiconductor industry would bounce back starting next year, but reach its 2008 level only in 2013. Consumer demand for electronics, from computers to digital cameras, is drying up quickly amid the financial crisis and the prospect of a lingering global recession.
Posted by | Wed, Feb 25, 2009 - 09:48 AM
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