SIA increases 2003 forecast
The association is expecting global sales of semiconductors in 2003 to increase by 15.8 percent to $163 billion and it projects 2004 revenues to increase by 19.4 percent to $194.6 billion.
"We are on an accelerated growth path and this is great news", said John Daane, chairman, president and CEO of Altera Corporation, who presented the fall forecast at the SIA's 26th Annual Forecast and Award Dinner. "Growth will be broad based across all markets."
"Now, more than ever, semiconductor manufacturers are forced to closely evaluate the return on investment of each chip produced. New opportunities lie in programmable architectures such as microprocessors, microcontrollers, DSPs and programmable logic, which can be leveraged across many customers and many markets." Daane stressed, "Cost and flexibility will be the keywords going forward."
European Market Forecast: This region will grow 17.3 percent in 2003 to $32.6 billion, 14.7 percent to $37.4 billion in 2004, 5.9 percent to $39.6 billion in 2005, and 6.3 percent to $42.0 billion in 2006.
