SAN JOSE, Calif. - Despite a lull in the market, semiconductor executives are generally optimistic about 2011, according to a global survey conducted by KPMG LLP, the U.S. audit, tax and advisory firm.
However, 53 percent of respondents anticipate the semiconductor cycle will peak within the next 12 months, according to KPMG’s survey of 118 senior semiconductor executives.
According to the KPMG survey, conducted in collaboration with the Semiconductor Industry Association (SIA), ''78 percent of semiconductor executives expect that revenue will grow by more than 5 percent next year, a sign of resiliency, as 87 percent of 2009 respondents projected similar revenue increases. In looking at the jobs picture, 29 percent of the respondents predict workforce growth of greater than 5 percent, compared to 23 percent in 2009 and 17 percent in 2008 - reflecting increased confidence in the resilient semiconductor industry.''
“Our findings show an industry that expects moderate growth next year, which is extraordinary in the context of an uneven global economic recovery,” said Gary Matuszak, KPMG global chair for the Information, Communication and Entertainment practice, in a statement.
“The continuing demand for electronic products ranging from tablets to smartphones, and an increased demand for technology integration in automobiles will buoy semiconductor manufacturers as the economy fluctuates,'' he added.
“The executives’ confidence also appears to be fueled by recovering economies in a couple of key regions,” said Ron Steger, partner in charge of KPMG Global Semiconductor Practice. “China still is viewed as most important for semiconductor product growth, but more executives also foresee the U.S. and European economies recovering and having important roles in industry growth.”
I agree. People do not want to talk the economy down. Part of the problem is psychological (as well as hard economics). Nobody knows for sure how things will shape up, but the longer things carry on without major troubles, the better. The good news is that there is real investment in new fabs and new semiconductor products. We need more customer spending.
I think they are saying they "hope the semiconductor industry will grow". The global economy is still burdened by many factors and even the best economists are very cautious. I suspect we are seeing the same "cautiously hoping" opinions from the semi industry. Better to seem positive even if there is little proof to support it.
Real objective sources for semi market prediction. What would one expect from semi executives? Here's what they really think: "we haven't a clue what will happen next year. The whole semi business is hanging by a thread and please don't let it collapse on my watch."
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