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IC execs see bright 2011

Posted: 07 Dec 2010 ?? ?Print Version ?Bookmark and Share

Keywords:IC industry? market forecast? executives?

Semiconductor executives are generally upbeat about 2011 even though there is a lull in the market, according to a global survey conducted by the U.S. audit, tax and advisory firm KPMG LLP.

However, 53 percent of 118 senior semiconductor executives who responded to the survey anticipate the semiconductor cycle will peak within the next 12 months, said KPMG.

Conducted in collaboration with the Semiconductor Industry Association (SIA), the survey also found that "78 percent of semiconductor executives expect that revenue will grow by more than five percent next year, a sign of resiliency, as 87 percent of 2009 respondents projected similar revenue increases. In looking at the jobs picture, 29 percent of the respondents predict workforce growth of greater than five percent, compared to 23 percent in 2009 and 17 percent in 2008reflecting increased confidence in the resilient semiconductor industry."

"Our findings show an industry that expects moderate growth next year, which is extraordinary in the context of an uneven global economic recovery," said Gary Matuszak, global chair for the information, communication and entertainment practice, in a statement.

"The continuing demand for electronic products ranging from tablets to smart phones, and an increased demand for technology integration in automobiles will buoy semiconductor manufacturers as the economy fluctuates," he added.

"The executives' confidence also appears to be fueled by recovering economies in a couple of key regions," said Ron Steger, partner in charge of KPMG Global Semiconductor Practice. "China still is viewed as most important for semiconductor product growth, but more executives also foresee the U.S. and European economies recovering and having important roles in industry growth."

- Mark LaPedus
EE Times

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