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Home > News > IC Insights: STMicroelectronics' 2020 sales performance will drop 1% year-on-year

IC Insights: STMicroelectronics' 2020 sales performance will drop 1% year-on-year

Affected by the COVID-19 epidemic and the tightening of Sino-US trade relations, most of the global chip suppliers experienced weak supply and demand in the first half of this year. On Thursday, IC Insights released a mid-term annual report, predicting that several leading chip companies in the world will have better sales performance in the second half of this year.

As the world's largest semiconductor foundry, TSMC is a key supplier of 7nm and 5nm process chips.


IC Insights made an outlook on TSMC’s performance in the second half of this year

As shown in the figure, although the company officially expects its annual sales to increase by more than 20% this year, IC Insights believes that its sales will increase by 8% in the second half of the year, and TSMC’s annual growth rate is estimated to reach 24%. .

Intel is one of the world's largest semiconductor suppliers. Taking into account the company's actual sales performance in the second quarter of this year, IC Insights set its 2020 full-year sales growth forecast at 4%. Intel’s sales in the second half of the year are expected to drop by 10% from the previous quarter. The company attributed its strong sales in the first half of the year and weakness in the second half of the year to changes in the inventory status of some important customers, and the underlying reason behind it was the high degree of uncertainty in the Sino-US trade environment.

STMicroelectronics (ST) is the world’s fourth largest supplier of analog chips and one of the major automotive equipment manufacturers. After the company’s sales plummeted 19% in the first half of 2020 compared to the second half of 2019, it is expected in the second half of 2020. Sales will grow strongly by 19%. The growth in sales of STMicroelectronics in the second half of this year was mainly due to the rebound in the automotive industry and increased demand in the industrial sector. However, due to the disastrous performance of the company in the first half of the year, even if it rebounded significantly in the second half of the year, total semiconductor sales this year may still fall by 1%.