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SIA Ups '04 IC Revenue Forecast |
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Written by Mike Buetow
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Friday, 18 June 2004 |
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SAN JOSE, June 9 - The
Semiconductor Industry Association today issued a revised 2004 forecast
projecting stronger-than-expected growth of 28.6% and a compound annual
growth rate of 10.4% through 2007.
The new forecast projects worldwide sales of semiconductors will
grow to a record $214 billion this year. Sales will slow to 4.2% in
2005 and will decline 0.8% in 2006 before rebounding to 11.7% in 2007,
SIA forecast.
"The industry is experiencing substantially stronger than expected
growth in 2004 as a result of underlying strength in a broad range of
end-use markets," said SIA president George Scalise. "We now expect
that worldwide industry sales will surpass the previous record one year
earlier than previously projected."
Industry growth is being driven by strong demand for microchips for
a broad range of applications, including PCs, cellphones, consumer
electronics, wired and wireless telecommunications infrastructure, and
automotive.
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