Thursday, February 16, 2006
Market forecaster Gartner has revised its forecast for chip market growth in 2006 upwards to 9.5 percent as a result of news of increased capital spending budgets for 2006.
Although capital spending at chip companies, set to be 10 percent more than previously expected, will have its main impact in 2007 Gartner said the worldwide semiconductor market is going to adopt a pattern of modest growth for the next few years, as a result of generally cautious investment in incremental capacity additions.
In 2005, the market grew 7 percent and Gartner said that worldwide semiconductor revenue would be $257.7 billion in 2006, a 9.5 percent increase from 2005 revenue of $235.3 billion. A mild growth slowdown is expected in 2007 with growth of 7 percent, followed by a cyclical market peak in 2008.
Gartner indicated that chip makers have learnt lessons from the years of boom and bust and would now seek to invest cautiously in manufacturing capacity to limit the build up of excess inventory in the supply chain.
By: DocMemory
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