So, the situation is improving except for maybe in Japan. I think 2010 and 2011 was a strong years because of recession in early years but EU and Japan is constantly marred by slow growth. Good to see that US is doing well though.
I hope the statement "Japanese suppliers will see a rebound in their revenues in the quarter ending in September" rings true... Renesas is poised to make some tough decisions on spinning off SoC business and downsize its fab operations. So the situation in Japan may bet even worse before turning around.
Perhaps it doesn't seem like a lot, but it's a significant decrease from Q2 last year. And, importantly, IHS believes the fact that chip sales grew only 3 percent compared to the first quarter puts the industry on too low a trajectory to achieve growth this year.