On November 16th, according to foreign media reports, the US Semiconductor Industry Association (SIA) said that the semiconductor market is unlikely to experience a recession in the near future. It believes that global chip sales will grow by 3% this year and will grow even higher in the next three years.
SIA said it expects global chip sales to grow from $247.7 billion last year to $257.1 billion, a growth rate that is lower than the 10% expected at the beginning of the year.
In June, SIA lowered its growth forecast for chip sales this year to 1.8%, mainly due to the downturn in several key markets, including microprocessors, DRAM and flash memory. Since then, microprocessor sales have seen strong growth, forcing SIA to increase its expectations for chip sales growth.
SIA president George said in a statement that despite rising energy prices, consumers continue to drive growth in the semiconductor industry in 2007. Sales of personal computers, mobile phones, MP3 music players, and digital TVs grew at a very high rate in 2007.
According to SIA, sales of personal computers will increase by 11%-12% this year, and demand for mobile phones will increase by 12%. Sales of consumer electronics such as MP3 players and digital TVs will grow at a higher rate.
George said that all of these products use a large number of semiconductor products in personal computers, mobile phones, MP3 players, and digital TVs. Advances in semiconductor technology have brought real benefits to consumers. He said that compared with 1995, the current sales price of ordinary PCs is 30% lower, but the computing power has increased by 100 times. In the next few years, the price/performance ratio of consumer electronics will increase by a similar margin.
SIA said it expects global chip sales to grow by 7.7% next year to $276.9 billion, up 7% in 2009 to $296.2 billion; by 2010, global chip sales will grow 8.5% to $321.5 billion For the first time, it broke the $300 billion mark.
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