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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 225.51+2.4%12:26 PM EST
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To: Gottfried who wrote (8261)12/8/2003 9:35:19 AM
From: Proud_Infidel  Read Replies (1) of 25522
 
Asia Has Chipmakers Cheering
The rise of China and a modernization boom in other Asia-Pacific areas are two new engines driving demand

With semiconductor sales up 16.4% for the first 10 months of 2003 from the same period a year ago, we believe that the long-awaited recovery in the chip industry is finally under way. Unlike previous recoveries, however, the driving force isn't corporate upgrades of technology gear, nor revolutionary new applications such as the cell phone or the Internet. Instead, rising consumer-electronics demand and wider geographic penetration are fueling sales. In particular, we at S&P see a booming economy in China and the ripple effects that are extending from it throughout the Asia-Pacific region driving recent semiconductor growth.

yahoo.businessweek.com
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