NEW YORK, NY — (Marketwire) — 10/14/11 — Despite a slowing global economy, chipmakers are putting up impressive numbers. Strong demand for mobile devices, PCs and the latest growth driver, semiconductors for automobiles, are boosting top lines in the industry. The Bedford Report examines the outlook for companies in the Semiconductor Industry and provides equity research on Advanced Micro Devices, Inc. (NYSE: AMD) and Marvell Technology Group Ltd. (NASDAQ: MRVL). Access to the full company reports can be found at:
Earlier this month The Semiconductor Industry Association (SIA), representing US leadership in semiconductor manufacturing and design, announced that worldwide sales of semiconductors were $25.03 billion for the month of August, a slight increase of 0.7 percent from the prior month when sales were $24.9 billion. On a year-to-date basis sales grew 2.2 percent year-over-year.
SIA explains that the stronger than expected sales were in large part driven by strong demand in tablets and PCs. SIA says, “In the midst of a slow and soft global economic picture, growth in the semiconductor industry is promising.” Additionally, due to the compounding effect of increased semiconductor content in cars, automotive application specific semiconductors have experienced double digit growth year-to-date.
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While AMD has made it clear that it does not plan to enter the smartphone market, the company has begun to concentrate on tablets. AMD-s Z-series chips, which are based on the Fusion architecture, will deliver a full PC client experience in tablets, says Chris Cloran, vice president and general manager of the computing solutions group, client division at AMD.
For the second quarter of fiscal 2012, Marvell Technologies announced an impressive 13 percent sequential revenue jump in its storage end market. The company mainly attributed the boost to share gains at Hitachi Mobile Drive, which is now in demand, as well as strong seasonal demand. Marvell also posted a staggering 18 percent sequential improvement in its mobile and wireless end market.
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