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Consumers to drive strong chip market growth

Posted: 21 Nov 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Semiconductor Industry Association? SIA? chip? IC? consumers?

The Semiconductor Industry Association (SIA) has projected that global semiconductor sales will reach $248.8 billion in 2006, an increase of 9.4 percent. The growth, powered by consumer demand for electronic products, will be followed by increases of 10 percent to $273.8 billion in 2007, 10.8 percent to $303.4 billion in 2008, and 5.8 percent to $321 billion in 2009.

The SIA, in its annual forecast, predicted the industry will continue to ride a wave of consumer demand for electronic products, and a compound annual growth rate of 9 percent for the forecast period, 2006-2009. Total worldwide microchip sales in 2005 amounted to $227.5 billion.

"Consumer purchases of a broad range of electronic products continue to grow as the leading driver of demand for semiconductors," said SIA president George Scalise. "Traditional consumer electronics products, such as digital cameras, digital televisions, and MP3 player players now account for nearly 20 percent of all semiconductor consumption. The newest, most advanced consumer electronics products tend to have high semiconductor content. Consumers are also the principal buyers of cell phones which drive another 20 percent of semiconductor sales. When consumer purchases of automobiles, personal computers, and other electronic products are taken into consideration, consumers account for more than half of all semiconductor consumption."

- Peter Clarke
EE Times Europe

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