Semiconductor sales worldwide will decline 0.1 percent this year to US$299 billion, research company Gartner Inc said yesterday, reversing a previous forecast that revenue would rise 5.1 percent.
Gartner also lowered its projection for chip sales next year, predicting a 4.6 percent increase versus its prior forecast of an 8.6 percent gain, citing a worsening economic outlook.
“Three key factors are shaping the short-term outlook: excess inventory, manufacturing overcapacity and slowing demand due to economic weakness,” Gartner research vice president Bryan Lewis said in a statement. “The odds of a double-dip US recession continue to rise and are raising fear that sales prospects will deteriorate further.”
Gartner said on Sept. 8 that global PC shipments would increase less than predicted this year and next as consumers scale back spending.
Semiconductor companies’ forecasts for the third quarter have been “well below seasonal averages,” Lewis said.
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