NEW YORK, NY--(Marketwire - Nov 20, 2012) - Despite the rapidly growing demand for high tech gadgets such as smartphones and tablets the semiconductor industry has experienced a less-than-average growth for 2012. A recent report from research firm Strategy Analytics has shown that the number of smartphones in use globally topped the 1 billion mark for the first time ever in the third quarter. The Paragon Report examines investing opportunities in the Semiconductor Industry and provides equity research on Marvell Technology Group Ltd. (
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The World Semiconductor Trade Statistics (WSTS) has forecasted the worldwide semiconductor market to see a growth of just 0.4 percent in 2012, before experiencing a growth of 7.2 percent in 2013. The Semiconductor Industry Association recently announced that global semiconductor sales were flat in August with a growth of just 0.1 percent. Year-to-date sales in August were down 4.6 percent when compared to the same period in 2011.
"Global semiconductor sales have held steady in recent months despite strong macroeconomic headwinds, but these challenges have hampered growth," said Brian Toohey, president and CEO, Semiconductor Industry Association.
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Marvell reported net income declined to $69 million in the third quarter, compared to a net income of $93 million in the previous quarter. "Our results in the third quarter were affected primarily by the slowdown in PC demand. Despite the near-term softness in PCs, we are focused on growing our overall storage business through share gains in HDDs and growth in SSDs," said Dr. Sehat Sutardja, Marvell's Chairman and CEO.
LSI designs semiconductors and software that accelerate storage and networking in datacenters, mobile networks and client computing. The company reported revenues from continuing operations of $624 million, a 14 percent increase year-over-year. The company expects revenues in the fourth quarter to range from $570 million to $610 million due to weak PC demand.
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