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SIA forecasts solid growth for 2007

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The Semiconductor Industry Association (SIA), San Jose, has announced that it is forecasting solid growth over the next two years, with a compounded annual growth rate (CAGR) of ~7.7%, resulting in a US$321B market by 2010.
In webcast this week, SIA President said, “As we look at the overall conditions for the market today, we don’t see any excess inventory of any consequence that’s going to have any impact on the industry. Supply and demand continue to be in very good balance, with demand or capacity utilisation running in the 90% range. All in all, I think we are looking at a period where we’re going to have solid growth with a number of the product areas doing exceptionally well. Scalise announced that September sales are up ~5.9% YoY. “Looking at the year-to-date data, although we’ve seen some challenging competitive conditions on pricing, overall we’ve seen solid growth in many of the major product areas,” he said. The overall forecast growth for 2007 is predicted at 3.8%, up from the 1.8% that was forecasted in the SIA June update. “We now see sales for 2007 to come in the vicinity of US$257B. By the end of the forecast period, we expect that sales will reach ~US$321B with a compounded annual growth rate over the time of 7.7%,” Scalise said. Growth is expected toward the lower end of the growth range that we are experiencing at this time. “We’ve said over the last few years that we expect the industry to grow in the 8-10% range. We’re going to be at 7.7% throughout this period. More recently, we’ve been closer to 10%,” he said.
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