Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (8907)	2/16/2004 8:34:29 AM
From: Proud_Infidel	Respond to of 25522

China Semiconductor Market Will Be $100 Billion By 2008 -STMicro Monday February 16, 7:20 am ET PARIS -(Dow Jones)- European chipmaker STMicroelectronics forecast that the Chinese semiconductor market could reach $100 billion in revenue by 2008, and become the largest semiconductor market in the world. The forecast is based on the massive relocation of the electronics industry to low-cost areas, in particular to China, according to Alain Dutheil, Corporate Vice President in charge of strategic planning and human resources at STMicroelectronics. According to the company's figures, China and the Asia Pacific region represented 58% of capital spending in the semiconductor industry in 2003. Hourly direct manufacturing cost of labor in China represented 6% of the same labor costs in the U.S. last year. Dutheil, attending an industry conference in Paris Monday morning, said he expects China will represent 35% of worldwide semiconductor sales by 2008. He also stressed that STMicroelectronics has a long presence in the Asia- Pacific region, opening its first plant in Singapore in 1984. "ST will not be caught by surprise by this trend", he said.