Feature Articles
What is Driving the Strong Growth in Electronics Production?
20 May 2010
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The global electronics industry has outperformed many analyst's expectations in recent months. Global semiconductor sales have increased for ten consecutive months since March 2009, with growth driven mainly sales in the Asia-Pacific region. As a result of the better-than-expected growth, many analysts have revised upwards their 2010 forecasts for the global electronics industry. For example, in February 2010, Gartnet raised its forecast of the 2010 semiconductor revenue growth from 13 per cent to 20 per cent.
In line with global trends, Singapore has also experienced a strong rebound in electronics production. Since the second quarter of 2009, electronics production has grown every quarter on a quarter-on-quarter seasonally-adjusted basis (Exhibit 1).
The views expressed in this paper are solely those of the authors and do not necessarily reflect those of theMinistry of Trade and Industry or the Government of Singapore.
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