WASHINGTON, DC -- The Semiconductor Industry Association (SIA), representing U.S. leadership in semiconductor manufacturing and design, today announced that the SIA has endorsed the World Semiconductor Trade Statistics (WSTS) organization's Autumn 2011 global semiconductor sales forecast, which has projected semiconductor sales to grow to $302 Billion for 2011, reaching the $300 Billion mark for the first time and representing a 1.3 percent growth rate over the record-breaking year in 2010. Worldwide sales for October 2011 remained essentially flat at $25.7 billion, a 0.1 percent decrease from prior month's sales of $25.8 billion. All monthly sales numbers represent a three-month moving average.
"The combination of record-breaking sales in 2010 coupled with this year's forecast topping the $300 Billion mark for the first time is welcome news for both the semiconductor industry and the entire economy," said Brian Toohey, president, Semiconductor Industry Association. "Despite a challenging global economic environment this year and the natural disasters that have impacted production in Asia, the semiconductor industry has demonstrated impressive resilience. The growing level of semiconductor content embedded across a wide range of consumer, industrial, business and government applications points to continued growth in 2012 and 2013."
For the month of October 2011, Japan continued its recovery with month-over-month growth at 2.2 percent marking the fourth consecutive month of growth. Additionally, year to date semiconductor shipments to the Americas region grew 4.6 percent, followed by shipments to Asia Pacific at 3.4 percent and Europe at 1.2 percent year-over-year.
Beyond 2011, the industry is on track to grow steadily and modestly according to the WSTS forecast. WSTS is predicting 3.7 percent growth for 2012 and 5.8 percent growth for 2013. WSTS tabulates its annual forecast by convening an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.