Contributed by Jérémie Bouchaud, Director & Principal Analyst, MEMS, iSuppli
The year 2009 started badly for MEMS, just like for the rest of the economy. Unlike other MEMS analysts who seem to believe that MEMS is immune to the economic crisis and that revenue stayed exactly flat in 2008 and 2009, the latest revenue reported to iSuppli from MEMS manufacturers show that shipments were still up 10% from 2008 even though revenue was down 8.6%. This followed a similar revenue drop of 4.8% in 2008.
The economic crisis resulted in the closing of a number of fabs, including Colibrys, which closed its Texas-based 6-inch fab, leaving the company with its original 4-inch fab in Switzerland. Other foundries suffered, too, and most saw revenues declining by 20%-30% compared to 2008, with staff cuts following in proportion. iSuppli also noticed that a number of companies have extensively made use of unpaid leaves, especially in the first half of the year. Continue reading