Chip Industry Expected to Grow 18 Percent Next Year
Posted on: Tuesday, 30 December 2003, 06:00 CST
HONG KONG (AP) -- The global chip industry is expected to grow by 18 percent next year as personal-computer and cell-phone shipments surge, market-research company IDC said Tuesday.
From this year to 2008, IDC predicts that the semiconductor market will grow at a compound annual growth rate of 12.5 percent, with revenue rising from $160 billion this year to $282 billion in 2008.
China, the world's largest consumer of cell phones and second largest consumer of PCs, will continue to drive growth, the company said.
Thanks to China, Pacific Asia is becoming the dominant region for PC and cell phone demand and production, the research firm added.
IDC, based in Framingham, Mass., analyzes trends in the information-technology and telecommunications industries. It is a unit of Boston-based IDG, a publisher of computer magazines including PC World, CIO and Macworld.
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