Global Semiconductor Sales Total a New Record in 2016: Today's Reports on NVIDIA and Skyworks Solutions

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Accesswire 9-Feb-2017 8:30 AM
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NEW YORK, NY / ACCESSWIRE / February 9, 2017 / Global sales from the semiconductor industry have continued to trend upwards heading into 2017. The Semiconductor Industry Association (SIA) has recently reported that global semiconductor sales totaled a record $338.9 billion in 2016. Global semiconductor sales totaled $31 billion in December, an increase of 12.3 percent when compared to a year ago. Total sales for the fourth quarter totaled 93 billion, an increase of 12.3 percent year-over-year and an increase of 5.4 percent sequentially.
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"Following a slow start to the year, the global semiconductor market picked up steam mid-year and never looked back reaching nearly US$340 billion in sales in 2016, the industry's highest-ever annual total," said John Neuffer, president and CEO of SIA. "Market growth was driven by macroeconomic factors, industry trends, and the ever-increasing amount of semiconductor technology in devices the world depends on for working, communicating, manufacturing, treating illness, and countless other applications. We expect modest growth to continue in 2017 and beyond."
Let's Take a Closer Look at Some Top Semiconductor Stocks
NVIDIA's shares declined 0.44 percent to close at $118.61 a share on Wednesday. The stock traded between $116.38 and $119.31 on volume of 11.24 million shares traded. On January 6th, Mercedes-Benz and NVIDIA announced a partnership to bring an NVIDIA AI-powered car to market. NVIDIA and Mercedes-Benz are also setting an ambitious timeline for their goal; the two will field this new vehicle within the next 12 months. The company is scheduled to release results for the fourth quarter and fiscal year 2017, ending Jan. 29, 2017, after market close on Thursday, Feb. 9th.
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Skyworks Solutions' shares declined 0.10 percent to close at $91.69 a share on Wednesday. The stock traded between $90.94 and $92.34 on volume 1.86 million shares traded. The company reported revenues were $914.3 million for the first quarter of fiscal 2017, an increase of 9.4 percent sequentially and at the high end of management's guidance range of $894 million to $910 million. The Company has reported GAAP earnings of $257.8 million or $1.39 a share for fiscal first quarter as compared to GAAP earnings of $355.3 million or $1.87 a share in the same quarter year ago. For the second fiscal quarter of 2017, the company anticipates revenue of $840 million, up 8 percent year-over-year.
"We are enabling the next phase of the wireless revolution, powering new and previously unimagined applications. With the proliferation of 4G/LTE and advent of 5G, system-level performance requirements are intensifying, driving the need for substantially higher data rates, improved efficiency and reduced latency across an exponentially growing scope of networked devices. Leveraging our innovative portfolio, carrier aggregation leadership, operational scale and demonstrated ability to deliver highly integrated solutions, Skyworks is uniquely positioned to capitalize on this connectivity megatrend," said Liam K. Griffin, President and CEO.
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Today's Features Includes:
NVIDIA Corporation (NASDAQ: NVDA)
Skyworks Solutions Inc. (NASDAQ: SWKS)
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