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Gartner Gives Semi Update

Gartner is forecasting 8.3% growth in the world semiconductor market, compared with its 8.9% forecast made in Q1 2003. The market researcher says it bases this assessment on a relatively strong Q1 2003 with better-than-expected semiconductor sales in March 2003. The year’s revenues are expected to be $168bn, up from $155bn in 2002.
Gartner is forecasting 8.3% growth in the world semiconductor market, compared with its 8.9% forecast made in Q1 2003. The market researcher says it bases this assessment on a relatively strong Q1 2003 with better-than-expected semiconductor sales in March 2003. The year's revenues are expected to be $168bn, up from $155bn in 2002.


However, Gartner analysts say that businesses are not yet feeling confident enough to make the decision to invest, putting a cautious outlook on the onset of the long-awaited corporate PC replacement cycle. Better news is that digital cellular handsets, flat-panel displays and digital video consumer products are expected to have strong growth in 2003.


The cellular phone handset market supports expectations for above-average device market growth for memory, digital signal processor-based ICs and complementary metal-oxide semiconductor (CMOS) image sensors. Strong growth is also expected in the liquid crystal display (LCD) driver market and in application-specific devices for consumer electronics.



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