STAMFORD, CT -- Gartner raised its outlook for the worldwide semiconductor market revenue, saying it will drop 22.4% in 2009, up from a February estimate of a 24.1% fall.
The firm cited better-than-expected first quarter PC shipments and inventory replenishment.
Gartner further guided for 4.9% growth in the second quarter.
The research firm forecasts overall sales of $198 billion for the year as stabilizing prices balance tepid consumer demand.
SAN JOSE, CA – Magma Design Automation Inc. reported fourth-quarter sales dropped 104% from last year to $34.1 million. For the fiscal year, sales fell 31% to $147 million.