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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 256.41+1.1%Dec 19 9:30 AM EST
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To: Lizzie Tudor who wrote (4652)12/26/2002 9:15:43 PM
From: Proud_Infidel  Read Replies (1) of 25522
 
Semi market '03 growth trimmed to 11.8%, report says
Semiconductor Business News
(12/26/02 03:56 p.m. EST)

TAIPEI, Taiwan -- Market research organization iSuppli Corp. has lowered its prediction for the year-on-year growth of the 2003 worldwide semiconductor annual growth to 11.8% according to a report in Taiwan's Digitimes. The following year is now expected to record 22% growth.

Greg Sheppard, an iSuppli executive vice president, is said to have spoken at a press conference in Japan and to have given conflict with Iraq as one reason why strong semiconductor market growth would be delayed until the second half of 2003.

An 11.8% growth figure for 2003 would represent a dip below the industry's long-term compound annual growth rate and a drop from iSuppli's previous prediction for 2003. In the last quarter of 2002 iSuppli reiterated its earlier forecast, saying the semiconductor industry would grow less than 1% for 2002 but almost 15% for 2003.

Sheppard expects the DRAM market to surge 17% in 2003, compared to estimated 8% growth in 2002, the report said.

The semiconductor market will peak in 2004 at 22% growth and then slow in 2005 due to oversupply, Sheppard is quoted as saying.
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