Chip Equipment Market Thrives Despite Asia Blip-Trade
dailynews.yahoo.com
SINGAPORE (Reuters) - The semiconductor equipment industry will continue to grow into 2002,
although the Asian economic crisis has dented demand this year, officials of a trade association said
on Tuesday.
"There's definitely been an impact from the Asian crisis," Paul Davies, vice president, international
operations of Semiconductor Equipment and Materials International (SEMI) said at a news
conference.
Officials from SEMI were in Singapore in conjunction with a trade exhibition.
Davies said certain Asian markets like Taiwan had stayed strong and the long term trend was still
one of good growth.
According to SEMI estimates, the market for semiconductor equipment, materials and services is
expected to reach $112 billion in 2002 from $68 billion this year.
In 1997, this market was valued at $63 billion.
The semiconductor market is projected to rise at a compounded annual growth rate of 18 percent to
$317 billion from $137 billion in 1997, Davies said.
Market research firm Dataquest said last month that the upswing in the global semiconductor
industry had been delayed because of Asia's economic crisis.
The semiconductor market hit a trough of its five-year cycle in 1997 but Asia's crisis had caused it to
linger into 1998, instead of being the start of a recovery in demand, Dataquest said.
It cut its forecast for the chip market to $160 billion in 1998 from $175 billion previously.
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I suspect the DUV portion of the SEMI equipment pie will
grow at a level greater than 18% CAGR.
Regards,
DKG |
