Europe’s chip market recovery continues
Europe’s semiconductor market recovered in the first quarter.
Q1 2012 was the 4th highest quarter sales in its history, and the quarter ended €1.54bn which was 14% up on the previous quarter, according to figures from DMASS (Distributors’ and Manufacturers’ Association of Semiconductor Specialists).
But the market is still down on this time last year, indicating the level of decline in the last quarter of 2011.
“Throughout the beginning of 2012, inventory correction and careful ordering by customers still played a major role and kept the bookings levels relatively moderate,” said Georg Steinberger, chairman of DMASS.
“With a start of -15% into the year, it is almost clear that 2012 will at best be flat against 2011,” said Steinberger.
Regional numbers in Q1 were significantly down on a year ago. Germany declined by 18.6% to €522m, Italy by 24.9% to €150m, UK by 15.9% to €122m and France by 12.1% to €115m.
The Nordic region dropped by 21.5% to €150m in distribution chip sales.
“The well-known tendency of production transfers to Eastern Europe continues,” said Steinberger.
“Russia is competing with Benelux for the number 5 rank of countries/regions,” said Steinberger.
Product-wise, the only products showing year over year growth were high-brightness LEDs, Other Opto and DRAMs.
According to Steinberger: “MCUs were suffering over-proportionally and also see a slower comeback than other products.”