RF Micro Devices and SkyWorks Solutions Maintain Growth as Chip Market Slows
10 Novembro 2011 - 11:16AM
Marketwired
Chip stocks have been volatile in recent months 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 RF Micro
Devices, Inc. (NASDAQ: RFMD) and SkyWorks Solutions, Inc. (NASDAQ:
SWKS). Access to the full company reports can be found at:
www.paragonreport.com/RFMD www.paragonreport.com/SWKS
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 remain 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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