Slowing Economy Drags on Growth at Intel and AMD
The Paragon Report Provides Equity Research on Intel Corporation & Advanced Micro Devices
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/31/11 -- Chip stocks have been volatile this month as economic uncertainty continues to weigh on demand in almost every major market. On the upside, the continuing recovery of the semiconductor industry in Japan, which was hurt by the earthquakes and tsunami that struck the country in March, buoyed numbers in the most recent quarter. The Paragon Report examines investing opportunities in the Semiconductor Industry and provides equity research on Intel Corporation (NASDAQ: INTC) and Advanced Micro Devices, Inc. (NYSE: AMD). Access to the full company reports can be found at:
Last month IHS iSuppli cut its semiconductor revenue projections for 2011, citing the struggling economy and increasing consumer pessimism over the situation. "Mounting economic weakness is taking its toll on the worldwide electronics and semiconductor industries just as these markets are entering the critical pre-holiday sales season," according to Dale Ford, vice president of electronics supply chain and semiconductors for IHS iSuppli.
The firm said Sept. 21 that it now expects semiconductor revenue to grow by an "anemic" 2.9 percent, to $313.3 billion. In August, IHS iSuppli analysts had pegged growth at 4.6 percent.
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IHS iSupply was hardly the only analyst firm to cut its growth forecast. Gartner analysts lowered their forecasts in the semiconductor market for both 2011 and 2012, due to slowing PC sales and difficult global economic conditions. Gartner analysts said that they expect worldwide revenue in the semiconductor space for the year to come in at about $299 billion, a 0.1 percent decline from 2010. In the second quarter, Gartner had predicted a 5.1 percent increase in revenues for the year.
Despite the slowdown, there remains some growth drivers. The Semiconductor Industry Association (SIA), explains that "in the midst of a slow and soft global economic picture, growth in the semiconductor industry is promising." Additionally, due to the compounding effect of increased semiconductor content in cars, automotive application specific semiconductors have experienced double digit growth year-to-date.
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Datum: 31.10.2011 - 12:16 Uhr
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