SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Sep 3, 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 ARM Holdings plc (NASDAQ: ARMH) and Marvell Technology Group Ltd. (NASDAQ: MRVL).
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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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ARM designs the technology that is at the heart of advanced digital products, from wireless, networking and consumer entertainment solutions to imaging, automotive, security and storage devices. The company recently launched their second generation of the Mali-T600 Series graphics processing units (GPUs), which helps optimize GPU performance and increase battery life in tablets, smartphones and smart-TVs.
Marvell is a world leader in the development of storage, communications and consumer silicon solutions. The company reported revenues for the second quarter of fiscal 2013 of $816 million, decrease of 9 percent form $898 million in the second quarter of fiscal 2012.
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