Press Release
SIA Forecast Project Industy Will Grow to $290.5 Billion in 2010
For Immediate Release
June 10, 2010
SAN JOSE, CA – June 10, 2010 – The Semiconductor Industry Association (SIA) today released an updated industry forecast that projects worldwide chip sales will grow by 28.4 percent to $290.5 billion in 2010. The forecast projects 6.3 percent growth in 2011 to $308.7 billion, followed by 2.9 percent growth in 2012 to $317.8 billion.
“Healthy demand in all major product sectors and in all geographic markets drove sales of semiconductors to record levels in the first four months of 2010,” said SIA President George Scalise. “While the year-on-year growth rate will moderate through the remainder of the year, we expect modest sequential sales growth in line with historic seasonal patterns. The industry began the year with inventories in balance and we do not see evidence of excess inventory accumulation at this time.
“Economic forecasts project global economic growth rates of 4.6 percent in 2010 and 4.4 percent for 2011, with the fastest growth expected to be in emerging economies. These emerging markets – especially China and India – are creating demand for Information Technology products, which in turn fuels demand for semiconductors,” Scalise concluded.
About SIA
The SIA is the voice of the U.S. semiconductor industry, America’s second largest exporter. SIA seeks to continue U.S. leadership in this critical sector that employs 185,000 people in the U.S., and provides the enabling technology for America’s $1.1-trillion high-tech industries with a U.S. workforce of nearly 6 million people. More information about the SIA can be found at www.sia-online.org
For more information:
Semiconductor Industry Association
John Greenagel or Anne Craib
408-436-6600
