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WSTS lowers semiconductor projections for 2008

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WSTSThe spring semiconductor market forecast from WSTS shows a significant decline in global IC sales expected in 2008, compared to its last forecast issued in November last year. The WSTS now expects the global semiconductor market to grow 4.7 percent on an annualized basis to $267.7 billion in 2008, down 4.4 percent from its previous forecast. 

The revised figures were due to weaker than anticipated fourth quarter 2007 sales, according to the WSTS.

However, the WSTS made only slight revisions to projections through 2010, underlining a positive period of growth, though at lower levels.

"The WSTS foresees a continuously growing demand for electronic products such as PCs, digital consumer appliances, mobile communications, and last but not least automotive electronics, enhanced by the increase of semiconductor content per installed system." said Dr. Ulrich Schaefer, Worldwide Chairman of WSTS. "These trends are expected to unfold in a challenging, yet generally healthy world economy."

Overall Year-on-Year growth through 2010 is expected to climb sequentially, reaching 8.8 percent growth in 2010 from 4.7 in 2008.

The Asia-Pacific region is expected to continue being the fastest growing geographical area, due to the dynamics of both strongly rising domestic demand and the continuing manufacturing shift to this region, the WSTS said.

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