Webcast: SIA Annual Semiconductor Industry Global Sales Forecast

November 20, 2008 7:03pm MST

Originally broadcast November 19, 2008

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The global economy is entering a period of unprecedented uncertainty, driven largely by the crisis in subprime home mortgages here in the United States. The impact of the resulting credit crisis has impacted all segments of the economy. With more than half of all semiconductor demand driven by consumer purchasing, this crisis has the potential to impact semiconductor demand going forward.

As the economic situation began to unfold early in the year, the SIA's June mid-year forecast lowered the projected sequential growth rate to 4.3 percent and total sales of $266.6 billion. Rapid price attrition in DRAM and NAND flash products dampened overall industry growth despite healthy demand from key end-markets, including personal computers, cell phones, and consumer devices such as personal media players, digital TVs and digital cameras.

Semiconductor sales through August of this year are closely tracking the June forecast at 4.5 percent growth year to date. The current turmoil in worldwide financial markets greatly complicates forecasting sales for 2009 and beyond. Restoring consumer confidence and improving the lending environment will be the key to growing semiconductor sales in 2009.

On Wednesday, November 19, the SIA will release its annual forecast for global semiconductor sales. Tune in to this webcast for a discussion and analysis of what may lie ahead for the global chip industry with SIA President George Scalise.

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Speaker:

George Scalise President Semiconductor Industry Association (SIA)

About the SIA:
The SIA is the leading voice for the semiconductor industry and has represented U.S. semiconductor companies since 1977. SIA member companies comprise more than 85% of U.S.-based semiconductor production. Collectively, the chip industry employs a domestic workforce of 255,000 people. More information about the SIA can be found at www.sia-online.org.

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Posted Oct 20, 2008