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After Three Consecutive Years of Growth, Semiconductor Revenue Set for Slump

posted by Fnord666 on Friday May 17 2019, @12:06AM   Printer-friendly
from the nothing-lasts-forever dept.

James Orme writes:

After back-to-back years of strong growth, semiconductor revenues will decline this year, according to IDC's latest update to its semiconductor forecaster.

The IT market research specialist predicts worldwide semiconductor revenue to decline to $440 billion (£342 billion), a 7.2 percent drop from $474 billion (£369 billion) in 2018, due to oversupply that will continue into 2020.

IDC said the slump is temporary and expects revenues to recover in 2020 and register a compound annual growth rate of 2.0 percent from 2018-2023, reaching $524 billion (£408 billion) in 2023.

Source: https://techerati.com/news-hub/semiconductor-china-us-trade-war-market/

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  • (Score: 0) by Anonymous Coward on Friday May 17 2019, @12:29AM

    by Anonymous Coward on Friday May 17 2019, @12:29AM (#844543)

    The guys who accirately predicted the dotcom bubble popping... not.