Semiconductor industry expected to see significant profit reduction in 2009

Shane McGlaun (Blog) - December 16, 2008 9:03 AM

 More doom and gloom is in store for the semiconductor industry as the economy shows no signs of getting better and many analysts predict things are going to get worse yet.

Gartner Inc. released a statement today that shows global semiconductor sales will decline by 16% in 2009 thanks to the economic slowdown, which has led to decreased consumer spending and decrease in orders from manufacturers.

Gartner expects total semiconductor sales to decline to $219.2 billion. Last month, Gartner predicted that the global semiconductor market would decline by 2.2%. Preliminary numbers from the research firm show that 2008 revenue has declines 4.4% compared to the $261.9 billion the global semiconductor market generated in 2007.     [  Dailytech...]   [Comments...]