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Home > News > Company News > Chip market to grow 18.5%

Chip market to grow 18.5%

  • Author:Ella Cai
  • Release on:2017-09-26
The semiconductor market is on pace to grow 20% this years says Bill Jewell’s Semiconductor Intelligence.

WSTS statistics show Q2 revenues were 5.8% from 1Q 2017 and up 23.7% from a year ago.

Memory is driving the market, as shown by  the quarter-to-quarter revenue change of the major memory companies.

Samsung revenues (in Korean won) were up 12.3% in 2Q17 versus 1Q17.

Micron Technology revenues were up 19.8%.

Hynix revenues (in Korean won) were up 6.4% in 2Q17, following 17.4% growth in 1Q17.

Micron guided for 6% growth in 3Q17.

A good sign of the health of the overall semiconductor market is the 3Q17 outlook for non-memory companies. Most of the major non-memory companies expect 3Q17 revenue to increase in the range of 5.6% to 9.0%. The exception is Infineon, which guided for 3Q17 revenue to be about the same as 2Q17.

The high end of guidance from the non-memory companies shows the potential for close to double-digit growth. Excluding Infineon, the high end guidance ranges from 9.1% from Broadcom to 15.4% from Qualcomm.

Recent forecasts for the semiconductor market reflect this strength. WSTS’s June projection was 11.5% growth in 2017, a high number for an organization which tends to be conservative in its outlook. In August, WSTS revised its forecast based on final 2Q 2017 data to 16.8%. Other recent forecasts range from 16% (for the IC market) from IC Insights toSemiconductor Intelligenc’s updated projection of 18.5%.

The available forecasts for 2018 generally call for a significant slowdown in the semiconductor market. WSTS expects 4.3% change and Mike Cowan’s latest projection is for 3.2% change. SI’s updated outlook at Semiconductor Intelligence is 10.0% growth in 2018.