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Report: MEMS Still a Solid Business Opportunity

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SCOTTSDALE, Ariz., August 19 -- Although a number of significant milestones were achieved in 2002, this past year was one of the toughest for those in the microelectromechanical systems (MEMS) industry, according to a report by market research firm In-Stat/MDR. The company said that year over year, revenues grew just 4.4 percent, from $3.8 billion in 2001 to $3.9 billion in 2002, even though unit shipments increased 47.6 percent. However, according to Marlene Bourne, an analyst with In-Stat/MDR, "A number of governments, who believe that this technology of the future cannot be ignored, are...Read full article

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    Published: August 2003
    Glossary
    microelectromechanical systems
    Refers to micron-size complex machines that have physical dimensions suitable for the fabrication of optical switches for use in state-of-the-art communications networks.
    In-Stat/MDRMEMSmicroelectromechanical systemsNews & Features

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