24 August 2012 IHS: European and Japanese chip suppliers hit hardest by weak Q2 market growth IHS: European and Japanese chip suppliers hit hardest by weak Q2 semiconductor market growth According to a report by IHS iSuppli, poor economic conditions caused Q2 global semiconductor market revenue to fall by 3% year on year, resulting in revenue declines for chip suppliers, particularly those in Japan and Europe. The report states that worldwide semiconductor sales decreased to $75.2billion in Q2 2012, down from $77.5bn during the same period in 2011. In a troubling sign for the health of the semiconductor market in 2012, Q2 revenue increased by less than 3% compared to the typically weak first quarter. If the semiconductor industry were on a trajectory for stronger growth in 2012 compared to 2011, Q2 sequential growth would be expected to amount to at least 4% or more. "Amid rising economic concerns—including the Eurozone crisis, slowing manufacturing growth in China and stubbornly highly unemployment in the United States – second quarter growth for the global semiconductor industry was highly disappointing," said Dale Ford, senior director of electronics and semiconductor research at IHS. "Approximately two thirds of the world's semiconductor suppliers saw their revenues decline in the second quarter compared to the same period in 2011. This weak performance bodes ill for the semiconductor industry's growth prospects for the entire year." Author Simon Fogg Comment on this article Websites http://www.ihs.com/ Companies IHS This material is protected by Findlay Media copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. Enjoy this story? People who read this article also read... Arrow buys Nu Horizons Arrow is buying Nu Horizons in an all cash deal which values the ... Read Article Claire Jeffreys, NEW Claire Jeffreys, events director, National Electronics Week, ... Read Article Southern Manufacturing This year, Southern Manufacturing and Electronics is set to be ... Read Article NIDays 2013 NIDays is a technical conference designed specifically for ... Read Article What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.