SAN JOSE, Calif.–(Business Wire)–
The Semiconductor Industry Association (SIA) today released an updated industry
forecast that projects worldwide chip sales will grow by 28.4 percent to $290.5
billion in 2010. The forecast projects 6.3 percent growth in 2011 to $308.7
billion, followed by 2.9 percent growth in 2012 to $317.8 billion.
“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
SIA President George Scalise. “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. The industry began the year with
inventories in balance and we do not see evidence of excess inventory
accumulation at this time.
“Economic forecasts project global economic growth rates of 4.6 percent in 2010
and 4.4 percent for 2011, with the fastest growth expected to be in emerging
economies. These emerging markets – especially China and India – are creating
demand for Information Technology products, which in turn fuels demand for
semiconductors,” Scalise concluded.
About SIA
The SIA is the voice of the U.S. semiconductor industry, America`s second
largest exporter. SIA seeks to continue U.S. leadership in this critical sector
that employs 185,000 people in the U.S., and provides the enabling technology
for America`s $1.1-trillion high-tech industries with a U.S. workforce of nearly
6 million people. More information about the SIA can be found at
www.sia-online.org
Semiconductor Industry Association
John Greenagel or Anne Craib, 408-436-6600
mailbox@sia-online.org
Copyright Business Wire 2010