Global chip shipments may experience two consecutive years of decline for the first time

The latest report released by IC Insights pointed out that global chip shipments are expected to fall by 3% in 2020, which means that after a 6% decline last year, chip shipments will fall into a dilemma again this year.

If this prediction comes true, this will be the first consecutive year of decline in shipments in the IC industry.

According to the IC Insights survey, before 2019, the years when chip shipments declined were 1985, 2001, 2009 and 2012. In the year before the recession, chip shipments increased by varying degrees. In 1984, chip shipments increased significantly by 50% due to increased inventory, and shipments in 2000 also increased by 27%.

However, this time it will break the above-mentioned inertia.

IC Insights pointed out that from 2013 to 2018, integrated circuit shipments have been on a steady growth trajectory. Among them, it grew by 8% in 2013, 9% in 2014, 5% in 2015, 7% in 2016, double-digit growth of 15% since 2017, and 10% growth in 2018. After double-digit growth in 2018, 2019 saw the fifth decline in shipments in history.

Not only that, 2020 will be even more difficult for the IC industry. The new crown epidemic is raging, and the market prospects are still unknown. In this regard, IC Insights’ baseline forecast for the global IC market growth in 2020 is currently -4%, and it is expected that overall chip shipments this year will drop by 3%.

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