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KPMG: Broad Semiconductor Industry Rebound Expected in 2013

Semiconductor industry executives are planning for an industry rebound in 2013, most likely weighted to the second half of the year. Looking beyond the recovery, the U.S. has moved ahead of China as the most important market for revenue, according to this year's global semiconductor industry survey from KPMG International.

A year ago, semiconductor executives surveyed by KPMG anticipated lower growth and showed less confidence in 2011. Today, as the industry finds itself in the predicted economic malaise to close out this year, three-quarters of the semiconductor executives say their company’s revenue growth will increase in the next fiscal year, compared to 63% a year ago. Also, two-thirds expect their workforce to expand, up from just 48% in last year’s survey. In addition, 71% say annual industry profitability will increase over the next year.

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