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Semiconductor Market Recovery Projected

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REDWOOD CITY, Calif., June 7 -- An industry-wide recovery is underway, said The Semiconductor Industry Association (SIA) in its 2002 mid-year forecast released this week. Semiconductor sales are expected to increase by 3.1 percent in 2002, with the growth rate accelerating to 23.2 percent in 2003 and 20.9 percent in 2004, SIA said. "Last year was the most difficult and challenging year in the history of the semiconductor industry," said Dwight W. Decker, chairman and CEO of Conexant Systems Inc. "So far this year, we have seen a significant decline in excess inventory and manufacturing...Read full article

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    Published: June 2002
    industrialNews & Features

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