Component Sense Blog

Tag: semiconductors

Chip Industry Suffers the Worst Slump in 2 Decades

Chip Industry Suffers the Worst Slump in 2 Decades
Last year, the semiconductor industry suffered its worst downturn since the dot-com bubble burst in 2001, causing industry sales to plunge by 32%. According to the Semiconductor Industry Association (SIA), 2019 was the industry’s worst annual slump in nearly two decades, with a 12.1% year-on-year drop in revenue to $412.1 billion. “Amid a confluence of factors, including ongoing global trade unrest and cyclicality in product pricing, worldwide sales of semiconductors were down considerably in 2019, falling 12% year-to-year,” commented John Neuffer, president and CEO of the SIA. Q4 2019 showed more promise, with a slower rate of decline in comparison...

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