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Gartner says semiconductor industry to decline by 4.4% in 2008
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Gartner has made a significant revision to its worldwide semiconductor revenue forecast for 2008, juts over a month after making downward revisions. Gartner cited an increased deterioration in the industry that has triggered revenue decline by 4.4% compared to 2007, down from a 1% growth projection made in early November, 2008. Revenue for the industry is now expected to reach US$261.9 billion in 2008, down from US$282 billion.
“In the last quarter of 2008, market conditions deteriorated significantly, and as the fourth quarter has progressed, many vendors have issued updated guidance for the quarter, reflecting weakening market conditions,” said Andrew Norwood, research vice president at Gartner. “Unfortunately for vendors, 2009 is going to be considerably worse. Some have compared the precipitous decline in semiconductor demand to that of the 2001 ‘dot-com’ bubble. However, unlike 2001, this economic downturn is much more broad-based and not limited primarily to the technology sector.”
Gartner noted that 2008 would be only the fifth time in the last 25 years that the industry posted a revenue decline.
