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Revenues Fall 8.0% in July; 2020 Still on Track for 3.3% Growth, according to Semico IPI Report

Revenues in July fell -8.0% from June, right in line with the average decline for July over the last ten years of -8.1%. However, compared to July 2019, revenues grew 5.0% in July 2020. This marks the eighth consecutive month of single-digit YoY percent increases.  
"Our revenue forecast for 2020 is 3.3% growth, in line with the performance we have seen so far this year," says Jim Feldhan, President, Semico Research. "In order to achieve this forecast, the second half of 2020 must grow 0.9% compared to the first half. 3Q 2020 is forecast to grow 5.5%, while 4Q 2020 is expected to decline slightly by -1.3%. The third quarter forecast is lower than the prior 5-year average of 7.2%, and the fourth quarter is also lower than the 5-year average of 0.3% growth."
Other stories in the August issue of the IPI Report:

  • Semico Science Sightings: R&D Is the Roadmap to Success and Leadership 
  • TSMC Continues to Impress 
  • 15-Year Lifespan for Early Retirement Fabs 
  • The Emergence of EDA Tools with AI Functionality
  • 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