Global chip sales will reach $226.5 billion this year, a 25 percent increase over 2003, according to a revised forecast from market researcher iSuppli.

In April, iSuppli had predicted 19.8 percent year-over-year growth for the global chip industry. The new forecast is in line with estimates from other market researchers such as Gartner, which has projected that chip sales worldwide will improve by 25 percent in 2004. The

Good news is also awaiting wireless communications, according to iSuppli. The long-suffering sector will finally return to growth in 2004, taking overall electronic equipment revenue to $1.16 trillion this year, up 10 percent from $1.06 trillion in 2003, iSuppli said.

By: DocMemory
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