Impact of COVID-19 on the Worldwide Semiconductor Market Forecast

Impact of COVID-19 on the Worldwide Semiconductor Market Forecast

This IDC Market Perspective provides IDC's view of the impact from the COVID-19 virus on the semiconductor market. It provides a framework to evaluate the market impact through four scenarios to view the broad range of possible outcomes. Each scenario is based on varying assumptions and severity of the impact to business for technology suppliers. For each scenario, a range of critical factors are assessed with a resulting updated forecast, presented with leading indicators to help clients navigate this emergency."The emergence of COVID-19 has brought with it travel bans and quarantines; massive slowing of the supply chain; uncertainty in the stock market; falling business confidence, and growing panic among the population," said Mario Morales, program vice president of Enabling Technologies and Semiconductor group at IDC. "Despite the growing uncertainty and panic, technology suppliers must continue to focus on their long-term investments, maintain engagement with partners and prospects, and look to specific markets for stability. Emerging technologies such as 5G, IoT, HPC, and intelligent edge will be fundamental to an overall recovery by the technology sector."

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Executive Snapshot
New Market Developments and Dynamics
Introduction
Four Revenue Forecast Scenarios
Scenario 1: Semiconductor Market Declines 12%+
Scenario 1 Timeline
Leading Indicators for Scenario 1
Scenario 1 Forecast
Scenario 2: Semiconductor Market Declines 6%
Scenario 2 Timeline
Leading Indicators for Scenario 2
Scenario 2 Forecast
Scenario 3: Semiconductor Market Grows 2%
Scenario 3 Timeline
Leading Indicators for Scenario 3
Scenario 3 Forecast
Scenario 4: Semiconductor Market Recovers 6%
Scenario 4 Timeline
Leading Indicators for Scenario 4
Scenario 4 Forecast
Impact of the COVID-19 Virus on the Worldwide Semiconductor Market as of March 7, 2020
Advice for the Technology Supplier
The Financial Markets' Reaction Over the Past Two Weeks of Trading Is a Reality Check of the Rising Lack of Confidence of Being Able to Contain the Virus and Mitigating the Global Business Risk
Be Prepared to Wait But Develop Responses to React to the Situation as It Develops
Do What Is Needed to Keep Your People Safe, Around the Globe
Remain Engaged With Partners, Prospects, And Other External Stakeholders
Understand and Manage Your Supply Chain's Supply Chain
Keep the Focus on Design Cycles, Eventually the Supply Chain Will Open; Be Ready to Take Advantage of Opportunities as They Develop
Act Systematically and Adapt Quickly Utilizing Real-Time Facts and Data
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Related Research
Synopsis

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