NEW YORK, NY--(Marketwire - Nov 15, 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 Qualcomm, Inc. (NASDAQ: QCOM) and Texas Instruments Inc. (NASDAQ: TXN).
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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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Shares of Qualcomm have surged nearly 5 percent in the past week after reporting strong fiscal fourth quarter results. "As we continue to invest in and execute on our strategic priorities, our broad licensing program and industry-leading Snapdragon and 3G/LTE chipset roadmap position us for double-digit revenue growth again in fiscal 2013," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm.
Texas Instruments designs and makes semiconductors, which it sells to electronics designers and manufacturers globally. As of December 31, 2011, the company had design, manufacturing or sales operations in more than 35 countries. For the fourth quarter of 2012 the company expects revenues to range from $2.81 billion to $3.07 billion.
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