Breaking News -
Platforms:
Chip Sector Sales To Return To
Peak
The semiconductor industry should see sales claw back to the 2000 level
next
year as the sector recovers from its worst-ever downturn and goes on to post
annual growth of 10 percent to 12 percent over the next decade, the founder
and chairman of Advanced Micro Devices Inc., said.
"We will recover to the level of 2000," with revenue of about $204 billion,
by
2004 AMD Chairman Jerry Sanders forecast in his keynote at Semico Research's
annual industry summit. "This industry, on an ongoing basis, will see growth
of three to four times GDP growth."
Sales of PCs and cell phones will continue to drive the growth, but
corporate
spending on information technology probably will not pick up until the second
half of the year, as Semico has forecast, Sanders said.
Jim Feldhan, president of Semico Research, has forecast chip industry sales
growth of 23 percent this year, while the Semiconductor Industry Association
is forecasting about 20 percent growth and other outside analysts are looking
for half that.
"We have seen some recovery," Feldhan told the audience. "We're seeing
increasing revenue every quarter."
Makers of semiconductors, including microprocessors -- the brains of
computers, saw sales decline by more than 30 percent in 2001 as demand for PCs
and other electronics tumbled as spending by dot-com and telecom industries
collapsed amid a larger economic downturn.
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