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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