Semiconductor Industry to Rebound in 2020 with 4% Growth

Speaking at his mid-term semiconductor industry forecast seminar in London this week, Malcolm Penn, chairman and CEO of industry analyst Future Horizons, assured attendees that industry fundamentals were sound, and after a fall of around 15% in 2019, the industry will rebound with around 4% revenue growth to $414 billion in 2020. He said, "The fundamentals are sound. In terms of IC unit growth, fab capacity and average selling price, they are all in in good shape. It's the timing of the upswing in the economy that puts it into doubt." He added, "Rebound is a certainty, but its timing is not."