That is true. This has been a season of many regulations and that is good business for some and bad for others. But generally, innovation is alive in the auto industry and it will help the OEMs that supply the electronics in new vehicles.
I expect that car sales will go up a little since most in the US have been putting off replacing their vehicles. The jobs report seems to be showing some inprovement. I also expect that today's vehicles will have more electronics with all the new federal requirments and new infotainment choices.
>> It it good to see that orders are increasing. I hope it is not just a one month thing but a trend going forward.
Only a booming economy will guarantee that. If people are not buying gadgets and products, orders will drop. Electronics helps us to see the interconnected nature of global business, economy and supply chain.
Hi Peter - inserting May's actual semi sales ($23.343 billion) into the model yields an updated 2013 sales forecast of $303.197 billion which corresponds to a sales growth expectation for 2013 of 4.0 percent. This sales growth percentage increased 1.0 percentage point from last month's forecast estimate of 3.0 percent thereby reflecting the "strength" of May's sales rresult. Additionally the model is projecting that next month's (June) actual sales forecast will come in at $27.877 billion. Mike Cowan
Truly the world is back to the days of buying electronics. When consumer confidence goes up, we are certain they will buy more gizmos and that translates to sale of chips. Our industry is very healthy. And it is becoming harder for new entrants to get into the game owing to the complexity of the supply chain.