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Gartner says worldwide semiconductor revenue expected to decline 0.6 percent in 2016

Mumbai, April 14, 2016 — Worldwide semiconductor revenue is forecast to total $333 billion in 2016, a decrease of 0.6 percent from 2015, according to Gartner, Inc. This is following a decline of 2.3 percent in 2015 due to weakened demand for key electronic equipment, elevated inventory levels and the continuing impact of the strong dollar in some regions.

“For only the second time in its history, the worldwide semiconductor market is expected to have two consecutive years of revenue decline,” said James Hines, research director at Gartner. “We expect a decline of 0.6 percent in 2016 as the industry waits for the next demand driver to emerge.”

Lowered estimates for production of PCs, ultramobiles and smartphones is reducing the demand for semiconductors in 2016, and no significant near-term driver has appeared to offset the reduction in demand in these key semiconductor markets. While there are emerging opportunities for semiconductors in the Internet of Things (IoT) and wearable electronics, these markets are still in the early stages of development and are too small to have a significant impact on overall semiconductor revenue growth in 2016.

Additional analysis on the outlook for the semiconductor market can be found in “Gartner Webinar: 1Q16 Semiconductor Forecast Update.” Gartner clients can view the full forecast in “Semiconductor Forecast Database, Worldwide, 1Q16 Update.”

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Brian Pereira

Brian Pereira is an Indian journalist and editor based in Mumbai. He is Editor-in-Chief of Digital Creed, which he founded in 2015. A technology buff, former computer instructor, and software developer, Brian has 27 years of journalism experience (since 1994). He is sound and confident about his knowledge of business technology concepts. And he is a believer in continual education/learning. Brian is the former Editor of CHIP and InformationWeek magazines (India). He has written hundreds of technology articles for India's leading newspaper groups such as The Times of India and Indian Express Newspapers (among others). And he has conducted more than 300 industry interviews during his journalism career. Brian also writes on Aviation, cybersecurity, startups, and topics directed at small and medium businesses. He achieved certifications from the EC-Council (Certified Secure Computer User) and from IBM (Basics of Cloud Computing). Apart from those, he has successfully completed many courses on Content Marketing and Business Writing. Follow Brian on Twitter (@creed_digital) and LinkedIn.

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