NEW YORK, NY -- (Marketwire) -- 12/12/11 -- Despite a slowing global economy, the worldwide semiconductor market managed to expand in the third quarter, with revenue rising by an estimated 3.5 percent compared to the second quarter, IHS iSupply's Dale Ford reports. IHS believes that global semiconductor revenues will rise a modest 1.2 percent year-on-year for 2011. While the growth is barely positive, "an expansion of any magnitude is significant from the standpoint of market psychology," said Ford. The Bedford Report examines the outlook for companies in the Semiconductor Industry and provides equity research on Advanced Micro Devices, Inc. (NYSE: AMD) and Micron Technology, Inc. (NASDAQ: MU). Access to the full company reports can be found at:
According to a study released from IDC, worldwide semiconductor revenues will grow 5 percent year over year in 2012 and will achieve a CAGR of 6 percent for the 2010-2015. The report finds that long-term secular growth will be driven by end applications such as smart phones, media tablets, mobile PCs, set top boxes, LCD TVs, wired networks, industrial automation, and automotive infotainment.
IHS iSupply forecasts 2012 semiconductor revenue growth will amount to an "anemic" 3.2 percent, as a weak economy will continue to depress consumer spending, the number one driver of electronics and semiconductor market demand.
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Many major semiconductor suppliers are projecting fourth-quarter revenue declines that average in the high single digits. However, a number of major suppliers such as AMD have projected solid growth in the fourth quarter. The IDC Study argues that going forward, the l continued enterprise adoption of Windows 7, should help to accelerate the PC replacement cycle and drive semiconductor demand for the Computing segment in the New Year.
AMD is a semiconductor design innovator leading the next era of vivid digital experiences with its AMD Fusion Accelerated Processing Units (APUs) that power a wide range of computing devices. Last month the company announced plans to eliminate 10% of its workforce or about 1,400 jobs in order to reduce operational costs.
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