News Article
India And Vietnam Catching Up
The Asia / Pacific semiconductor industry growth is still dominated by China although India and Vietnam are gaining a Gartner forecast suggests.
The current global financial environment appears to be worsening as is the consumer confidence. The unclear outlook of the second half of 2008 causes research company Gartner to lower its revenue growth forecast for the Asia / Pacific semiconductor market.
In a recent report, Gartner decreases its estimate from 6.4% to 5.2% growth annually for the region. Total semiconductor revenue in the region was $149.3 billion in 2007 and is expected to reach a total of $157.1 billion in 2008.
The China/Hong Kong semiconductor market will continue to dominate the Asia/Pacific semiconductor industry accounting for approximately 61% of the total market in 2008. However, Gartner expects India and other Asia / Pacific market to achieve higher CAGR of up to 19.1% and 18.7% respectively.
India continues to attract investments from global electronic manufacturers and the growth of other Asia / Pacific markets is primarily driven by emerging markets such as Vietnam, which has become very attractive to global electronics manufacturers and semiconductor vendors.
In a recent report, Gartner decreases its estimate from 6.4% to 5.2% growth annually for the region. Total semiconductor revenue in the region was $149.3 billion in 2007 and is expected to reach a total of $157.1 billion in 2008.
The China/Hong Kong semiconductor market will continue to dominate the Asia/Pacific semiconductor industry accounting for approximately 61% of the total market in 2008. However, Gartner expects India and other Asia / Pacific market to achieve higher CAGR of up to 19.1% and 18.7% respectively.
India continues to attract investments from global electronic manufacturers and the growth of other Asia / Pacific markets is primarily driven by emerging markets such as Vietnam, which has become very attractive to global electronics manufacturers and semiconductor vendors.
