Semiconductor Revenues Fall 8.0%, per Semico IPI Report
September 14, 2020
News
According to Semico's Inflection Point Indicator (IPI) Report, semiconductor revenues fell 8.0% from June to July, but are still on pace for 3.3% growth in 2020.
According to Semico’s Inflection Point Indicator (IPI) Report, semiconductor revenues fell 8.0% from June to July, but are still on pace for 3.3% growth in 2020.
Despite the drop, compared to July 2019 revenues grew 5.0% in July 2020. The feat marks eight consecutive months of single-digit YoY percent increases.
"Our revenue forecast for 2020 is 3.3% growth, in line with the performance we have seen so far this year," says president of Semico Research Jim Feldhan, in a press release. "In order to achieve this forecast, the second half of 2020 must grow 0.9% compared to the first half. 3Q 2020 is forecast to grow 5.5%, while 4Q 2020 is expected to decline slightly by -1.3%. The third quarter forecast is lower than the prior 5-year average of 7.2%, and the fourth quarter is also lower than the 5-year average of 0.3% growth."
The IPI Report assists in forecasting semiconductor revenues about four quarters in advance.
For more information, visit https://semico.com/content/ipi-report.
Perry Cohen, associate editor for Embedded Computing Design, is responsible for web content editing and creation, podcast production, and social media efforts. Perry has been published on both local and national news platforms including KTAR.com (Phoenix), ArizonaSports.com (Phoenix), AZFamily.com, Cronkite News, and MLB/MiLB among others. Perry received a BA in Journalism from the Walter Cronkite School of Journalism and Mass Communications at Arizona State university.
