NEW DELHI: The covid-19 outbreak will drag the growth of the semiconductor industry by 0.9% in 2020, Gartner has said, revising its earlier growth forecast of 12.5%.
The research firm reduced its 2020 revenue forecast for the industry by $55 billion to $415.4 billion. Gartner expects the “non memory" market to decline 6.1%, while the memory market will grow 13.9%, offsetting the overall decline due to lockdowns.
The memory market revenue will account for 30% of the worldwide semiconductor market in 2020, the firm said in a report. “The spread of covid-19 across the world and the resulting strong actions by governments will have a far more severe impact on demand than initially predicted," said Richard Gordon, research practice vice