The World Semiconductor Trade Statistics Predicts Worldwide Semiconductor Market to Rebound in 2013
Five Star Equities Provides Stock Research on Avago Technologies and NVIDIA
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 Avago Technologies Ltd. (NASDAQ: AVGO) and NVIDIA Corporation (NASDAQ: NVDA).
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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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Avago Technologies serves three primary target markets: wireless communications, wired infrastructure, industrial and automotive electronics. The company reported revenues of $576 million in the fiscal first quarter, an increase of 2 percent year-over-year and a decrease of 7 percent when compared with the previous quarter.
Nvidia is set to release its own hand-held gaming device known as Project Shield. Nvidia's Shield, an Android-based portable gaming device, was unveiled at the Consumer Electronics Show in January. Users can download games just like a smartphone and also stream games from their home PC. "Nvidia gets that there's value to be derived from the ability to play games on the big-screen TV at home, on a PC and then on a mobile or portable device," said Lewis Ward, an analyst at researcher IDC. "The cross-platform approach to gaming is something that has potential."
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