Industry association posts new forecasts for 2010
Better than expected sales have raised financial expectations in the semiconductor field, according to one industry group.
The Semiconductor Industry Association (SIA) has posted an update to its 2010 financial forecasts for the industry. By the end of the year the group predicts that semiconductor firms will posts revenues of roughly $290.5bn, an increase of 28 per cent over 2009.
For 2011, the SIA sees sales cracking the $300bn barrier with a 6.3 per cent growth and a 2.9 per cent boost in 2012 to end that year at $317.8bn.
"Healthy demand in all major product sectors and in all geographic markets drove sales of semiconductors to record levels in the first four months of 2010, " said George Scalise, SIA president.
"While the year-on-year growth rate will moderate through the remainder of the year, we expect modest sequential sales growth in line with historic seasonal patterns."
Driving the growth in semiconductor sales will be economic growth in emerging markets, according to the SIA. The group singled out China and India in particular driving growth in the industry through increased demand for IT infrastructure equipment.
