DOW JONES 90-DAY NEWS/RETRIEVAL Int'l News & Research Services
Sequence Number : 9 Story Date : 98/10/27
1 00:04 T Global Semiconductor Mkt Starting To Recover - Industry Body
TOKYO (Dow Jones)--Global semiconductor market sales are beginning to
recover, helped by continued growth in personal computers and the development
of technologies such as networking, according to an industry association.
After shrinking 9.0% from the previous quarter in the first quarter of 1998
and 5.6% in the second, the global market is estimated to have grown 2.0% in
the third quarter and forecast to expand 3.2% in the fourth, according to the
World Semiconductor Trade Statistics (WSTS) association.
The association groups semiconductor companies from around the world. Its
forecast was released Tuesday by the Electronic Industries Association of
Japan.
For all of 1998, the global market is forecast to shrink 10.9% to $122.2
billion after 4.0% growth in 1997, but to expand 6.6% in 1999, 13.6% in 2000
and 16.2% in 2001. The WSTS assumes an average dollar-yen rate of Y135.5 this
year and Y139.5 for subsequent years, compared with Y121.0 last year.
It estimates that Japan's semiconductor market will shrink 13.3% to Y3.4
trillion in 1998 after growing 4.4% last year. It will expand 3.8% in 1999,
8.7% in 2000 and 11.6% in 2001, the WSTS predicts.
The WSTS forecasts the North American market will shrink 11.0% this year
after 7.4% growth in 1997, but then expand 7.0% next year, 14.4% in 2000 and
16.4% in 2001. The European market is seen shrinking 0.2% in 1998 after 16.8%
growth last year, and then growing 6.5% in 1999, 14.3% in 2000 and 16.1% in
2001.
(END) DOW JONES NEWS 10-27-98
12:04 AM
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