Israel shrugs off Covid-19 as European decline slows: Page 2 of 2

November 13, 2020 // By Nick Flaherty
Israeli shrugs off Covid-19 as European decline slows
DMASS reports a 12.1 percent drop in semiconductor revenue in Q3 of 2020 across Europe, recovering from a drop of 20.7 percent during the Covid-19 pandemic shutdowns.

percent to €382m, Power Discrete by -13.3 percent to €208m, and Opto by -9.3 percent to €173m.

"It is nearly impossible to read a trend out of this quarter. On a year-to-date basis, you could argue that some areas like MCUs, Opto, Other Logic or Sensors are less affected, while Memories, Standard Logic, Discretes, Power and Analog found themselves in the centre of the Covid-19 impact,” said Steinberger. “2020 will be a year of significant double-digit decline for distribution, and since the pandemic is anything but over, further effects might occur during the next quarters. While the hope of recovery is big for 2021, it may take a while until it starts. Hopefully, some political developments can help global and European trade pick up speed again, provided society gets control over the Covid-19 situation.”

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