NEW YORK, NY -- (Marketwire) -- 02/28/13 -- 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 RF Micro Devices, Inc. (NASDAQ: RFMD) and TriQuint Semiconductor (NASDAQ: TQNT).
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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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RF Micro Devices is engaged in the design and manufacture of radio frequency components and compound semiconductor technologies. The company reported revenues in the third quarter totaled $271.2 million, an increase of $29 percent when compared to the $271.2 million posted in the previous quarter.
TriQuint Semiconductor manufactures a broad range of high-performance analog and mixed signal integrated circuits for the wireless communications, telecommunications, and computing markets. The company recently unveiled two new high-performance Multi-band, Multi-mode Power Amplifiers that extend connectivity time for next-generation 3G / 4G smartphones.
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