America’s high-tech sector gets some good news
December 06, 2011 - LM Editorial
Thanks to a vibrant supply chain and solid strategic planning the nation’s semiconductor industry is going strong.
According to the The Semiconductor Industry Association (SIA), the growing level of semiconductor content embedded across a wide range of consumer, industrial, business and government applications points to continued growth in 2012 and 2013.
Despite a challenging global economic environment this year and the natural disasters that have made an impact on production in Asia, the semiconductor industry has demonstrated impressive resilience.
For the month of October 2011, Japan continued its recovery with month-over-month growth at 2.2 percent marking the fourth consecutive month of growth. Additionally, year to date semiconductor shipments to the Americas region grew 4.6 percent, followed by shipments to Asia Pacific at 3.4 percent and Europe at 1.2 percent year-over-year.
Beyond 2011, the industry is on track to grow steadily and modestly according to industry forecasts. Analysts are now predicting 3.7 percent growth for 2012 and 5.8 percent growth for 2013.
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