Semiconductors: Grappling with the Slowdown

S&P Ratings says additional credit downgrades for the sector are a significant likelihood this year

The global semiconductor industry has been hit by the deepest and sharpest downturn in many years. Most companies turned in 25% sequential revenue declines in the seasonally strong December quarter, with prospects of additional declines in double digits when March results are released. Specific suppliers' recent results have been dependent on their market sector, and on their quarterly reporting cycle dates, but most companies' results tracked close to the overall industry.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.