Limited job growth
By an almost two-to-one margin, semiconductor executives identified China as the most important country market for revenue growth in three years, followed by the U.S. and Taiwan.
With the China market in their sights, 87 percent of respondents said they expect their revenue in 2010 to increase by more than five percent. More than half (54 percent) say their revenue gains could exceed 10 percent next year.
Two-thirds of the semiconductor executives who responded to the survey anticipate their company's global workforce will grow one percent or more in the next 12 months. Only one-quarter of these executives think the growth could exceed five percent. Eighteen percent expect no change in the size of their global workforce, and 16 percent anticipate a reduction in their workforce.
Executives were split as to what shape they expect the global semiconductor industry recovery to resemble. While one-third anticipates a W-shaped recovery, nearly as many (29 percent) expect a U-shaped turnaround, with significantly fewer (15 percent) anticipating a V-shaped rebound and (13 percent) what is known as a square root sign recovery. This may reflect the differences that are being seen geographically in what has also been described as a LUV recovery.
Half the respondents five times as many as in 2008 expect capex to grow by more than five percent and 45 percent, or twice as many as last year, expect R&D to grow by more than five percent.
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