NEW YORK, NY -- (Marketwire) -- 03/04/13 -- After experiencing a slowdown in 2012 the global semiconductor market is set for growth. The World Semiconductor Trade Statistics predicts the global semiconductor market to grow by 4.5 percent in 2013 after declining 3.2 percent in 2012. The SPDR S&P Semiconductor ETF (XSD) has gained over 7 percent year-to-date. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Broadcom Corporation (NASDAQ: BRCM) and Qualcomm, Inc. (NASDAQ: QCOM).
The global semiconductor industry posted total sales of $291.6 billion in 2012, according to the Semiconductor Industry Association. The total was the third highest ever, but a decline of 2.7 from the record $299.5 billion set in 2011. The industry began to show some strength in the fourth quarter as it posted sales of $74.2 billion, which was a year-over-year increase of 3.8 percent.
"Despite substantial macroeconomic challenges, the global semiconductor industry outperformed forecasts and posted one of its highest yearly sales totals in 2012," said Brian Toohey, president and CEO, Semiconductor Industry Association. "Recent momentum, led by strength in the Americas, has the industry well-positioned for a successful 2013."
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Broadcom is a global leader and innovator in semiconductor solutions for wired and wireless communications. The company recently announced that HTC has chosen the company's 5G WiFi technology for its new flagship HTC One device. "With the launch of the HTC One, we're reinventing the mobile experience and setting a new standard for smartphones," said Kouji Kodera, Chief Product Officer, HTC.
Qualcomm is the world leader in 3G, 4G and next-generation wireless technologies. The company reported record revenues of $6.02 billion for the fiscal first quarter, a year-over-year increase of 29 percent, and an increase of 24 percent sequentially. Shares of Qualcomm have gained over 7 percent year-to-date.
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