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Technology Stocks : Atmel - the trend is about to change
ATML 8.1400.0%Apr 12 5:00 PM EST

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To: im a survivor who wrote (13333)4/2/2004 1:36:09 PM
From: tech101   of 13565
 
Europe's Chip Market to Grow Above 20%
by: pworks1 04/02/04 12:50 pm
Msg: 190775 of 190780

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Europe's Chip Market to Grow 'Well Above 20%'

By David Manners -- Electronics Weekly, 4/2/2004

We are seeing the start of ?a boom year? for the European chip industry, according to the EECA-ESIA (European Electronic Components Association ? European Semiconductor Industry Association) market report for February.

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?There is no question about the expected overall growth rate well above 20 percent discussed in January,? says the EECA-ESIA report, instancing, ?the market has improved further in February. On a month-to-month base America showed highest growth followed by Europe.?

PC related products are leading the growth surge followed by wireless applications like mobile phones, Bluetooth and wireless LAN.

The report quotes the latest Semiconductor Industry Capacity Statistics (SICAS) figures which show utilization rates "well above" 90 percent with foundry capacity nearer to 99 percent.

European Semiconductor sales in February 2004 amounted to $ 2.96 billion according to World Semiconductor Trade Statistics (WSTS), up 0.7 percent on January and up 20.8 per cent on the same month last year.

On a year-to-date basis semiconductor sales increased by 22.9 percent compared to January/February 2003.

On a worldwide basis, semiconductor sales in February were $ 15.58 billion, up 0.2 percent on January, up 30.8 per cent on February 2003 and, on a year-to-date basis, up 32.8 percent on January/February 2003.

Electronics Weekly is the London-based sister publication of Electronic News.

reed-electronics.com
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