NEW YORK, NY — (Marketwire) — 09/21/12 — Slowing global economies combined with a steep drop in PC sales has provided a challenging environment for the Semiconductor Industry in 2012. RBC Capital Markets has recently downgraded the sector as a result of a stalling inventory cycle. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Marvell Technology Group Ltd. (NASDAQ: MRVL) and RF Micro Devices, Inc. (NASDAQ: RFMD).
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“Order rates are beginning to decelerate across multiple end-markets as macro concerns continue to weigh on the overall mood while a lack of inventory investment could post near-term revenue risks,” stated RBC Capital analyst Doug Freedman.
Also research firm IHS iSuppli has recently altered their global semiconductor market chip revenue forecast from a growth of less than 3 percent to a contraction of 0.1 percent due to unfavorable economic conditions. This would be the first time revenues in the semiconductor market have contracted in 3 years.
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Marvell is a world leader in the development of storage, communications and consumer silicon solutions. Marvell-s diverse product portfolio includes switching, transceiver, communications controller, wireless and storage solutions that power the entire communications infrastructure. The company reported revenues for the second quarter of fiscal 2013 of $816 million, a decrease of 9 percent from $898 million in the second quarter of fiscal 2012.
RF Micro Devices is a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies. The company recently reported that Samsung has chosen RFMD-s PowerSmart Power Platforms to power their next-generation GALAXY Note II.
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