Earlier this year, a research firm projected that capital spending in the semiconductor sector would increase by 50 percent this year to $47 billion and to $58 billion by 2005.

The firm has revised its forecast for 2004 to 60 percent growth, or nearly $50 billion. But it has also lowered its 2005 outlook to only 10 percent growth, or nearly $55 billion.

"Very strong sequential growth in 2004 would likely temper sequential growth next year," the research firm said in the report. 

By: DocMemory
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