IDEA confirms strong European demand for semis
The latest figures from the International Distribution of Electronics Association (IDEA) show demand for semiconductors from European companies continues to grow strongly, with the UK and Ireland making a significant contribution.
Orders for semiconductors in the UK and Ireland reached ?167million in the third quarter of 2017, according to IDEA. This represents an increase of 30% compared to the same quarter of 2016. Orders for passive components also showed a 30% increase over the same period, reaching ?36m.
Aggregating all sales of electronic devices, IDEA says in its latest figures, that UK and Ireland companies ordered ?295m worth of components in the quarter; 26% more than in Q3 2016.
For Europe as a whole, sales of electronic devices were said to be €2.01billion. While this is a 16% improvement over sales in Q3 2016, sales have declined slightly in all categories since the beginning of 2017.
IDEA’s editor in chief Gary Kibblewhite said: “Despite Q3 being historically a poor quarter, total components bookings continue to grow in most regions with every region, apart from France, posting a growth of at least 15% in total component bookings over the same quarter last year.
France still grew, but at a lower rate. However, the continuing gradual drop in the semiconductor book:bill ratio throughout the year could well give us problems for 2018.”
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