May Semiconductor Revenues up 9.0% MoM; Economic Uncertainty Clouds View of 2H 2020, according to Semico IPI Report

May 2020 semiconductor revenues increased 9.0% from April, which was down 14% from March. April's 14.2% drop was the largest sequential decline since 2011, but May's 9.0% increase was the largest for the month of May since 2006. Year-over-year, May was up 6.4% compared to May 2019. The North American PCB book-to-bill ratio fell from 1.19 in April to 1.1 in May. However, anything above one is a positive sign for sales six months out. The ratio has been at 1.0 or higher since May 2019.
 
"The world continues to be held in the grip of COVID-19, but the semiconductor market seems to be weathering it well", says Jim Feldhan, President, Semico Research. "The new conditions that we are all working under have inspired technological innovations from communications infrastructure, to healthcare, to computing. Next month is our forecast issue, when we'll take a close look at what the second half of 2020 will bring us."
 
Other stories in the June issue of the IPI Report:

• Siemens' Acquisition of UltraSoC Shakes up SIP/EDA Markets!
• Semico Science Sightings: Solar Efficiency Rising
• xMEMS Poised to Take Lead in MEMS Speaker Market
• SiC: Shockingly Good
• Shipments, Orders, and Inventories

Semico developed the IPI Report (Inflection Point Indicator) to assist in forecasting semiconductor revenues approximately four quarters in advance. The IPI, combined with end-market analysis and primary research, has helped Semico Research accurately forecast the industry sooner than others.
 
If you are interested in seeing one of the stories or the complete IPI issue for this month, please contact rick@semico.com.