5/1/2002 - The power supply and power management IC market as a subset of the overall semiconductor market witnessed perhaps the worst year ever in semiconductor history in 2001. From 1998 to 2001 the market grew at nearly a 30% annual growth rate in worldwide shipment revenues. According to recent analysis by Venture Development Corporation (VDC), 2001 saw a 19% decline in dollar volume shipments. Average selling prices declined 14% as suppliers, distributors, and OEMs all tried to reduce their overstocked inventories. This, surprisingly, resulted in only a 5% unit volume shipment decline in 2001. The root causes for this dramatic market decline were excess inventories, over-production, declining OEM demands, and marketplace uncertainty.
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