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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (41272)	1/3/2001 8:21:07 PM
From: Proud_Infidel	Respond to of 70976

Group: 2000 Chip Sales Are on Track SAN JOSE, Calif. (AP) - Despite the recent slowdown in high-tech growth, the chip industry is on track to meet expectations of record revenues in 2000, an industry group said Wednesday. The Semiconductor Industry Association reported that $18.28 billion worth of chips were sold in November, a 28 percent increase from November 1999. That puts the industry on track for $205 billion in revenue for the entire year, a 37 percent increase over 1999, said George Scalise, the group's president. However, the figures still showed effects of the slowdown. Chip sales fell 2 percent in November from October, including a 5 percent drop in the Americas and 3.5 percent in the Asia/Pacific market, which excludes Japan. Scalise said in a statement that the industry's outlook remains strong. ``We expect to approach our historic 17 percent compound annual growth rate in the first quarter of 2001,'' Scalise said. A separate report this week from the research firm Dataquest Inc. said the worldwide semiconductors market grew to $222.1 billion in 2000, a 31 percent increase over 1999. Joe D'Elia, director of European semiconductor research, said that while there is ``despondency regarding the future'' because the fourth quarter of 2000 was weaker than the third quarter, ``we see no reason to believe that this current weakening is anything else other than an inventory correction.'' Intel Corp. remained the worldwide chip leader in 2000, with 13.4 percent of the market, according to the Dataquest report. Toshiba Corp. took the No. 2 spot from NEC Corp., which fell to third. Each has about 5 percent of the market. - On the Net: semichips.org Subject 50522