Tuesday, February 18, 2003
Demand for PCs, cell phones,digital cameras and wireless systems could boost industry revenue 20% in 2003, amid the continued economic recovery and a possible war, reported by a research firm.
Chip sales should grow to $169.3 billion in 2003, up about 20% from $140.7 billion in 2002, according to the latest forecast from the Semiconductor Industry Assn., a trade group based in San Jose.
Intel Corp., the world's largest computer-chip manufacturer, is confident that new products, booming growth in Asia and large-scale replacement of aging computers bought to avoid the Y2K bug will drive its business in 2003.
Other semiconductor makers say they are similarly optimistic about those trends, despite gathering war clouds.
Chip industry turnaround in 2002 not quite materialized because the economy didn't grow as briskly in the second half of the year as expected. But 2003 is set to be different. Merrill Lynch in a recent report predicted that chip revenues would rise 12% to 13% in 2003 due to lower inventories of chips needed to make PCs and wireless phones.
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