Semiconductor industry set for growth - PC Retail

Semiconductor industry set for growth

Analysts forecast highest increase in revenue in a decade
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The global semiconductor industry is predicted to achieve 30 per cent growth in revenue this year, the highest since the year 2000.

According to figures from iSuppli, revenue is expected to increase by 30.6 per cent, taking $300.3 billion. However, unlike the boost in 200, which was due to a boost in internet usage, this growth will be driven by supply and demand factors.

“Building on the continuing expansion in sales that followed the downturn in late 2008 and early 2009, the semiconductor industry is set to achieve remarkable revenue growth and record size in 2010,” said iSuppli’s senior vice president of market intelligence services, Dale Ford.

Despite these rosy predictions, Ford noted that much of this growth is due to poor performance throughout 2009.

“While the growth in 2010 is impressive, it still needs to be viewed in context of the dismal results in 2009,” observed ford. “Compared to 2008, the semiconductor industry in 2010 will achieve more moderate revenue growth of 15.4 percent.”

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