July 1, 2009
Ready for the Surge? IC Insights’ 2H09/1H09 Forecast Includes:
According to IC Insights’ soon-to-be-released Mid-Year Update to The McClean Report, 2009 is forecast to be a "tale of two halves." The first half of 2009 was hit hard by seasonal weakness for electronic system sales, a major IC inventory adjustment, and the global recession at its worst (with the global economy registering a rare drop in GDP). However, the second half of 2009 is expected to usher in strong seasonal strength for electronic system sales, a period of IC inventory replenishment (which began in 2Q09), and positive worldwide GDP growth.
In IC Insights’ opinion, the bottom of the current cycle in the worldwide economy and semiconductor industry was reached in 1Q09. While the "velocity" of the semiconductor industry recovery is subject to debate (slow, moderate, fast, etc.), at least the discussion over the next few quarters will be about how much sequential growth can be expected in instead of how far the markets are going to fall.
Since the beginning of this severe downturn, which began nine months ago, IC Insights has encouraged its clients to think quarterly about 2009, or in this case, at least in halves. When doing so, a much more relevant and positive outlook of the business conditions for the remainder of this year is achieved as compared to the "less granular" annual viewpoint taken by most of the other industry forecasters.
Figure 1 shows eight important examples where the second half of 2009 is expected to be much better than the first half of the year. Some key findings described in the Mid-Year Update to The McClean Report include:
Most forecasters continue to resist calling for better growth in 2H09, perhaps unaware of the large amount of quarterly data that points to positive growth through the remainder of the year. IC Insights’ Mid-Year Update to The McClean Report details why it believes that the 2H09 IC market is poised to surge ahead and mark the beginning of a strong multi-year growth period.
Report Details, Including the New "Half-Year" McClean Report Subscription
The 2009 Mid-Year Update to The McClean Report is a part of IC Insights’ new 2009 "Half-Year" McClean Report service. The new 2009 Half-Year McClean Report subscription includes the 200+ page Mid-Year Update (to be released at the end of July), the August, September, October, and November Monthly Updates, as well as access to The McClean Report subscriber-only Webcasts in August and November. The new 2009 Half-Year McClean Report subscription is priced at only $1,890.
Note: Current 2009 McClean Report subscribers will receive the products/services described above as part of their full-year subscription.
For more information, please visit www.icinsights.com/prodsrvs/mcclean/.
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About IC Insights
IC Insights, Inc., based in Scottsdale, Arizona, is dedicated to providing high-quality, cost-effective market research for the semiconductor industry. Founded in 1997, IC Insights offers coverage of global economic trends, semiconductor market forecasts, capital spending and fab capacity trends, product market details, and technology trends, as well as complete IC company profiles and evaluations of end-use applications driving demand for ICs.