Thursday, April 7, 2005
Prediction of chip industry recession for year 2005 is less likely to come true, said research firm Advance Forecasting, though the company did not change its forecast of near-zero growth in 2005.
"The Recovery Index is a planning tool that has accurately predicted each of the periods at which the IC Industry enters a recession, reaches a bottom, and the return to a normal rate of growth," said the firm in a statement. "Current indications from the index solidify our original forecast that the current slowdown is mild and relatively short."
Worldwide shipments of ICs by value are in line with this assessment, the company said. Sales peaked in November 2004 at $16 billion per month, and in three months have slowly declined 4 percent to $15.3 billion per month. This is a mild decline as compared to the first three months of the 2001 recession during which IC shipments fell 11 percent from $16.1 billion to $14.3 billion.
By: DocMemory
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