IDC "Global Semiconductor Market May Shrink Up to 12% This Year"

[Asia Economy Reporter Changhwan Lee] As the novel coronavirus infection (COVID-19) sweeps across the globe, it is forecasted that the global semiconductor market could shrink by up to 12% this year.

On the 19th, according to industry sources, market research firm IDC recently presented four scenarios in its report titled 'The Impact of COVID-19 on the Global Semiconductor Market Outlook.'

Among the four scenarios, the worst case predicts that global semiconductor sales will decline by more than 12% compared to last year.

The most likely scenario is a 6% contraction compared to last year, with a probability of 54%.

IDC stated, "If this scenario unfolds, supply chains must be restored by this summer, and quarantine and travel restrictions need to be lifted."

Summarizing the four scenarios, the probability of the global semiconductor market contracting this year reaches 80%, while the chance of growth is only 20%.

This content was produced with the assistance of AI translation services.