U.S. energy crisis may hinder the growth of electronic industry

Energy costs continue to hit record highs, and may continue to maintain this trend in the impact of Hurricane Katrina. Affected by this, the electronics industry growth rate may slow down, at least in the rest of the year.

American Semiconductor Industry Association (SIA) recently released report shows that in July the global chip sales growth of 1.9%, and Fairchild (Fairchild Semiconductor) and other electronic suppliers also pointed out that in recent weeks the semiconductor for consumer electronics and computer orders rose. But the day before SIA warned that rising oil prices could hit the end of the chip sales.

Hurricane Katrina will continue for several months for the American electronics industry.

SIA said in a statement, fuel prices may make consumers wanted to buy a computer or a DVD recorder for money for him. This is obviously worrying. In addition, the lack of attracting consumers to buy popular electronic products. A report published online by BIGresearch has pointed out that consumer spending will decline by 8.2% over the same period last year, most of which is due to a reduction in spending.

Even more worrying is that the damaged refineries in the Gulf Coast area the United States may long shutdown. Although there is no sign that the fuel supply is about to dry up, there is no clear indication of when the refinery will resume production. Taking into account the political and economic risks in terms of access to international oil resources, it can be imagined that the long-term shutdown of U.S. refineries will hit many industries, including the electronics industry.

Need to remember is that although the market some years more optimistic forecast, but the electronics industry is not necessarily a bright future. In recent years, some areas of the electronics industry has been weak, such as the field of semiconductor manufacturing equipment. And the rapid decline in the price of mobile phones is part of the profits of manufacturers.

The next few weeks electronics company how to react to the energy crisis, the electronics industry will be decided in the remainder of this year and more long-term prospects to a great extent.