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Chip industry revenue to touch record $300 Billion in 2010
By siliconindia
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Monday, 08 November 2010, 22:34 IST
Bangalore: The revenue of the semiconductor industry is set to rise by 32.8 percent in 2010, reaching record high revenue of $300.5 billion. This is the first time that the industry has passed the $300 billion mark. This news was revealed by the Semiconductor Industry Association (SIA), an industry association representing U.S. chip makers.
The Association also predicted a gloomy future for the industry in the coming year, saying the growth pace set in this year will see a downturn in 2011.
Brian Toohey, President, SIA said in a statement, "We experienced record sales this year due to strong global demand across a broad range of end markets. We expect more moderate growth through 2012 as the economy recovers and consumer confidence restores."
The fillip to the sales of chips in 2010 has been fuelled by growing demand in PCs, mobiles and other devices like tablets coupled with the global economic recovery. The recovery meant more chip production to refill the global inventories.
The SIA prediction for next year says that the industry will grow around six percent to $318.7 billion, which is far slower than this year's growth margin.
However, IDC predicts that the semiconductor industry is all set to grow next year due to increased corporate purchases of information technology goods, including new PCs with Microsoft's Windows 7 OS as well as storage, networking and security gear. The firm forecasts the global chip revenue to rise 8-9 percent year-on-year in 2011.