SAN FRANCISCO—Semiconductor revenue is forecast to grow by zero to 4 percent in 2012, after likely growing about 1 to 2 percent in 2011, according to a Wall Street analyst.
"We maintain our positive stance on semis, with the vision that the recovery will be more of a 2H12 story led by a trough in 1Q12, with depleted inventories thereafter setting up for semi growth in 2H12 that should outpace end markets," said CJ Muse, an analyst with Barclays Capital, in a report circulated Tuesday (Jan. 3).
Muse said his firm's estimate of flat to 4 percent sequential growth for the semiconductor industry in 2012 is in line with to slightly lower than expected worldwide GDP growth.
Barclays' forecast for chip growth is slightly lower than the firm's previous forecast for 2012, which called for growth of 2 to 5 percent for the year. Muse said. According to Muse, the downward revision was made to reflect the ongoing inventory adjustment lasting into the first quarter of 2012 and estimated worldwide GDP growth of 3.3 percent expected for the year.
As you, daleste, I wish engineers the best in 2012. Diversifying one's career portfolio by including experience in other engineering disciplines such as mechanical, chemical, and certainly computer science engineering could be the way to ensure a better chance of landing the next career move. It's not all about chips; a little bit of salsa spices up the way of the EE. Mind you, I'm not belittling "real EEs", just framing a possible thought process for them.