The global semiconductor market is forecast to grow 18 percent in 2004 on rising sales of mobile phones and personal computers, according to a report from International Data Corp.
The firm's forecast is a revision from the 16 percent originally estimated in April. The increase was prompted by robust growth in the second half of 2003, IDC said.
Its growth forecast for 2003 was also sharply revised from 9 percent to 14 percent.
Throughout a 5-year period from 2003, the research house expects the semiconductor market to grow at a compounded annual growth rate of 12.5 percent, with revenues seen rising to U.S. $282 billion in 2008 from $160 billion in 2003.
"As 2003 closes, growth expectations for the semiconductor market are on the rise, particularly after a very strong recovery in the second half of the year," the technology research firm said reported. "Stronger-than-expected mobile phone and PC shipments have stabilized average selling prices and increased capacity utilization rates among suppliers.”
The firm also said that sales of mobile phones and computers should grow at double-digit rates in both 2003 and 2004. (AFP)
to Daily News