Monday, April 20, 2020

Report: Chip Demand to Drop 5% to 15% in 2020

[EE Times, Barbara Jorgensen Apr16, 2020] McKinsey expects sales demand in the global chip market will decline between 5% and 15% in 2020, with steep declines anticipated for some IC market segments that will overwhelm the gains it still expects in others.
The International Monetary Fund (IMF) on April 14 said it now expects global gross domestic product to shrink by 3% in 2020; in January, the IMF was predicting growth in global GDP of 3.3%. “This makes the Great Lockdown the worst recession since the Great Depression, and far worse than the Global Financial Crisis,” the IMF said.

Research firms IC Insights and Gartner have also revised their projections downward; IC Insights predicts a 4% drop for this year, and Gartner forecasts a 0.9% decline in semiconductor revenue.

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