SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Aug 31, 2012) - The combined economic slowdowns of the U.S., China, and Europe negatively impacted semiconductor sales in the second quarter. Recent research from IHS iSuppli showed that global chip sales in the second quarter of 2012 declined 3 percent to $77 billion when compared to the second quarter of 2012. The Paragon Report examines investing opportunities in the Semiconductor Industry and provides equity research on Micron Technology, Inc. (NASDAQ: MU) and Advanced Micro Devices, Inc. (NYSE: AMD).
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As a result of an unfavorable economic environment analysts are predicting the global semiconductor market to decline for the first time in 3 years. IHS iSuppli recently revised their global semiconductor market chip revenue forecast to contract by 0.1 percent. Their previous forecast predicted a growth of less than 3 percent.
"The expected decline in 2012 represents a major event for the global semiconductor market. Throughout all of 2011, even though electronics markets were very weak, IHS never projected revenue to decline for the entire year. However, the disappointing results in the second quarter and weak third-quarter expectations driven by poor economic conditions are expected to cause the semiconductor market to retreat this year," said Dale Ford, senior director at IHS.
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Micron Technology is one of the world's leading providers of advanced semiconductor solutions. The company last month signed a definitive sponsor agreement for Micron to acquire and support Elpida. Micron will acquire Elpida for a total of 200 billion yen (roughly $2.5 billion). "We are creating the industry-leading pure-play memory company," said Micron CEO Mark Durcan.
Advanced Micro Devices is a semiconductor design innovator leading the next era of vivid digital experiences with its groundbreaking AMD Accelerated Processing Units (APUs) that power a wide range of computing devices. The company reported second quarter 2012 revenues of $1.41 billion, an 11 percent sequential decrease and a 10 percent decrease year-over-year.
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