ISuppli has increased its 2010 revenue forecast for semiconductor foundries, driven by a resurgence in demand for consumer products, the analyst firm said on Thursday
Gartner on Thursday said worldwide semiconductor revenue this year will be stronger than previously projected as shipments of PCs and smartphones grow rapidly.
Samsung Electronics plans to invest a massive amount of money to develop new businesses ranging from green energy to healthcare, such as solar cells and biopharmaceuticals.
While worldwide semiconductor sales in January were up just slightly from December, they wildly outpaced numbers from the same time a year ago.
Samsung Electronics reported its highest quarterly net profit in over two years on Friday as its semiconductor and LCD businesses returned to profitability.
The recession continues to weigh on the worldwide semiconductor industry, which recorded a giant revenue drop in the first quarter of 2009, Gartner said on Wednesday.
Chinese demand for semiconductors will fall nearly 6 percent this year, according to market analyst iSuppli, adding to the growing evidence that China's economy will not be a haven for companies seeking shelter from the economic crisis.
Taiwan Semiconductor Manufacturing (TSMC), the world's largest contract chip maker, said the deepening global economic recession hurt its fourth-quarter results. It predicted its sales in the first quarter could be cut in half.
The decline in semiconductor sales accelerated in November, an industry body reported Friday.
Global semiconductor revenue is expected to fall this year as demand for PCs and consumer electronics slows down, with the trend continuing to affect chip makers next year, analyst firm iSuppli said on Monday.
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