International Trade Today is a Warren News publication.

Omdia Cuts Global Semiconductor Forecast

Omdia slashed semiconductor forecasts, predicting a 2.5% rise in revenue to $439.9 billion vs. previous projections of 5.5% growth. The market for wireless equipment market is seen falling 4.7%; wireless chip sales also are seen dropping. As of March, Omdia…

Sign up for a free preview to unlock the rest of this article

If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.

expects smartphone shipments to reach 1.2 billion units. Ramifications of the coronavirus “have come into sharper focus,” said analyst Myson Robles-Bruce. The pandemic disrupted supply chains and demand across component categories, he said, with Japan in recession and the U.S. and Europe expected to enter one this quarter. The release was emailed Thursday.