LONDON – The WSTS industry organization has revised its previous forecasts down and now predicts a weak end to the year for the global chip market.
As a result the global chip market will be worth $290 billion in 2012, down 3.2 percent from 2011 but will recover in 2013 rising by 4.5 percent, according to the World Semiconductor Trade Statistics (WSTS) organization.
WSTS has revised its forecasts for growth in 2012 and 2013 down from previous forecast given in June 2012 of 0.4 percent growth in 2012 and 7.2 percent growth in 2013 (see SIA, WSTS expect flat chips sales in 2012). The reduced expectations are mainly due to uncertainty in the world economy including a slowdown in the Chinese economy.
Other forecasters have been more optimistic recently (see Report: Rising GDP set to boost chip markets).
The 2012 market weakness is broad, WSTS said, with contraction in all geographical regions and all product categories except logic and optoelectronics.
WSTS anticipates the world market to grow 5.2 percent to $319 billion in 2014, with mid single-digit percentage growth across most geographical regions and semiconductor product categories, supported by a healthier global economy.
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WSTS Forecast Summary from the 2012 meeting held in Kobe, Japan, Nov. 13 to 16, 2012
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