Global Semiconductor Market Predicted to Experience Growth of 4.5 Percent in 2013
Five Star Equities Provides Stock Research on Rambus and OmniVision Technologies
NEW YORK, NY -- (Marketwire) -- 03/01/13 -- After experiencing a slowdown in 2012 the global semiconductor market is set for growth. The World Semiconductor Trade Statistics predicts the global semiconductor market to grow by 4.5 percent in 2013 after declining 3.2 percent in 2012. The SPDR S&P Semiconductor ETF (XSD) has gained over 7 percent year-to-date. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Rambus Inc. (NASDAQ: RMBS) and OmniVision Technologies, Inc. (NASDAQ: OVTI).
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The global semiconductor industry posted total sales of $291.6 billion in 2012, according to the Semiconductor Industry Association. The total was the third highest ever, but a decline of 2.7 from the record $299.5 billion set in 2011. The industry began to show some strength in the fourth quarter as it posted sales of $74.2 billion, which was a year-over-year increase of 3.8 percent.
"Despite substantial macroeconomic challenges, the global semiconductor industry outperformed forecasts and posted one of its highest yearly sales totals in 2012," said Brian Toohey, president and CEO, Semiconductor Industry Association. "Recent momentum, led by strength in the Americas, has the industry well-positioned for a successful 2013."
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While best known for creating unsurpassed semiconductor memory architectures, Rambus is also developing world-changing products and services in security, advanced LED lighting and displays, and immersive mobile media. The company earlier this month raised its first quarter revenue guidance to between $65 million to $69 million, up from its previous guidance of $58 million to $63 million.
OmniVision Technologies' main products, image-sensing devices, which the company refers to as CameraChip image sensors, capture an image electronically and is used in a number of consumer and commercial mass-market applications. The company reported revenues grew to $423.5 million, compared to $390.1 million in the previous quarter.
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