Worldwide semiconductor revenue is forecast to total $332 billion in 2016, a decrease of 0.9 percent from 2015, according to Gartner, Inc. This represents two consecutive years of revenue decline, which has happened only once in history. But the outlook for the semiconductor market is improving.
"The worst appears to be over, with a stronger outlook for the remainder of 2016 driven by inventory replenishment and increasing average selling prices (ASPs) in select markets," said Jon Erensen, research director at Gartner. "Improving conditions in the commodity memory market contributed the most to the improved outlook based on stronger supply-and-demand dynamics.
"The worst appears to be over, with a stronger outlook for the remainder of 2016 driven by inventory replenishment and increasing average selling prices (ASPs) in select markets," said Jon Erensen, research director at Gartner. "Improving conditions in the commodity memory market contributed the most to the improved outlook based on stronger supply-and-demand dynamics.
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