Gartner Inc reported in their July 2017 press release that the worldwide semiconductor revenue is forecast to total USD401.4 billion in 2017, an increase of 16.8 percent from year 2016. This will be the first time semiconductor revenue has surpassed USD400 billion.
The World Semiconductor Trade Statistics (WSTS) has in its semiconductor market forecast spring 2017 projects that the worldwide semiconductor market growth is expected to continue through in 2018 with all major product categories and regions are forecasted to grow with the overall market by 2.7%, followed by a slight decrease of 0.2% in 2019.
In July 2017, IMF in its World Economic Outlook Update maintained the world economy growth projection of 3.5% in 2017 and 3.6% in 2018. The unchanged global growth projections mask somewhat different contributions at the country level. For the world’s two largest economies,
- the growth forecast in the United States has been revised downward is based on the assumption that fiscal policy will be less expansionary going forward than previously anticipated, given the uncertainty about the timing and nature of fiscal policy changes and the market expectations of fiscal stimulus have also receded;
- China’s growth projection was revised up, reflecting the stronger than expected outturn in the first quarter of 2017 underpinned by previous policy easing and supply-side reforms and expectations of continued supportive fiscal policy from the government.
For the new financial year ending 30 June 2018, the Group remains cautiously optimistic in delivering positive performance from our continuing manufacturing activities in the Wireless RF and Optoelectronics operations including the latest iris scan product manufacturing in line with projected industry performance and growth outlook in the worldwide semiconductor industry.
The Group also continues to work on new manufacturing projects to enhance its overall growth.