The semiconductor industry appears to have escaped the direct impact of the coronavirus crisis so far, but the market is likely to suffer the repercussions as the outbreak slows or suspends production among electronics manufacturers, according to Omdia.
Despite facing logistical, packaging and test challenges related to the Covid-19 outbreak, semiconductor fabs located in China are continuing to function normally, with high capacity rates.
However, the risks are considerable, given the semiconductor market represents a huge component of the global economy, generating an estimated $424.8 billion in revenue in 2019 alone, as reported by the Omdia Semiconductor Competitive Landscaping Tool. A potential disruption to Chinese chip production could have major ramifications for worldwide economic growth.
