Cornerstone of American tech industry forecasts increased global sales, touts pro-business policies for lasting economic recovery
WASHINGTON, June 21, 2011 /PRNewswire-USNewswire/ -- The Semiconductor Industry Association (SIA), representing U.S. leadership in semiconductor manufacturing and design, today announced that it has endorsed the World Semiconductor Trade Statistics (WSTS) organization's mid-year global semiconductor sales forecast which has projected global semiconductor sales to grow to $314.4 Billion, a 5.4 percent increase for 2011. The current view presents an increased projection over the November 2010 WSTS forecast of 4.5 percent growth for 2011. WSTS tabulates its annual forecast by convening an extensive group of global semiconductor companies that provide accurate and timely indicators of semiconductor trends.
The industry expects moderate year-over-year growth through 2013 driven by global demand for high-end electronics and growth in emerging economies. The forecast for 2012 and 2013 reflects continued steady single digit growth at 7.6 percent and 5.4 percent, respectively. WSTS projects a 3-year compound annual growth rate of 6.13 percent from 2010 to 2013.
"At a time of economic uncertainty, the semiconductor industry continues to be a bright spot in the U.S. economy. Now more than ever, it's clear that the only way to spur lasting economic growth is to empower the private sector to do what they do best—innovate, compete and grow," said Brian Toohey, president, Semiconductor Industry Association. "These projections are simply estimates; it's important to remember that U.S. policy can positively or negatively affect these growth numbers. This is why we are urging the Congress and Administration to move now to enact pro-business, pro-growth policies that will lead to a rebirth of the innovation economy."
All regional markets, namely the Americas, Europe and Asia with the exception of Japan are projecting year over year growth for 2011. Japan's contraction can be attributed to the impact from the March 2011 earthquake, with some of the growth in other regions increased as a result of supply chain shifts that help alleviate disruption.
Additionally, double digit growth in 2011 and 2012 is projected for the Sensor and Micro I/Cs categories. Rising demand of consumer electronic devices and safety related mandates specifically in the automotive sector are driving the growth in the Sensor category. Micro I/Cs are projected to grow 11.7 percent year-over-year in 2011 and 13.1 percent in 2012 in part driven by the rapid increase in the tablet segment, as well as increased smartphone usage, especially in China, India and other emerging markets.
To learn more about SIA's pro-business, pro-growth policy agenda visit, www.sia-online.org.
WSTS Forecast Summary
About the SIA
The Semiconductor Industry Association, SIA, is the voice of the U.S. semiconductor industry, America's number-one export industry over the last five years and a bellwether measurement of the US economy. Semiconductor innovations form the foundation for America's $1.1 trillion dollar technology industry affecting a U.S. workforce of nearly 6 million. Founded in 1977 by five microelectronics pioneers, SIA unites over 60 companies that account for 80 percent of the semiconductor production of this country. Through this coalition SIA seeks to strengthen US leadership of semiconductor design and manufacturing by working with Congress, the Administration and other key industry groups. The SIA works to encourage policies and regulations that fuel innovation, propel business and drive international competition in order to maintain a thriving semiconductor industry in the United States. Learn more at www.sia-online.org.
Semiconductor Industry Association
SOURCE Semiconductor Industry Association