SMT, PCB Electronics Industry News
  • SMTnet
  • »
  • Industry News
  • »
  • Chip Industry Projects Big Jump in Sales in 2010; Slower Growth to Follow

Chip Industry Projects Big Jump in Sales in 2010; Slower Growth to Follow

Jun 25, 2010

Semiconductor sales are expected to soar 28.4% this year, as the industry works its way out of a difficult year, according to a mid-year report from the closely watched Semiconductor Industry Association (SIA) that was released Thursday.

While this year is expected to reap the benefits of double-digit growth to $290.5 billion, the next two years will face far more moderate increases, says the SIA. For example, next year the chip industry is expected to grow 6.3% to $308.7 billion and a mere 2.9% in the subsequent year.

"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," says George Scalise, SIA president, in a statement. "The industry began the year with inventories in balance and we do not see evidence of excess inventory accumulation at this time."

National Semiconductor (NSM), for example, reported a 42% year-over-year increase in fourth quarter revenues Thursday and noted it expected to generate between $410 million to $418 million in revenues during the first quarter -- a 30.5% increase if it comes in at the low end of its first quarter guidance.

For the chip industry as a whole, emerging markets, especially in China and India, are expected to drive the growth this year and next visa-vie sales of technology products, notes SIA.

By: Dawn Kawamoto

Jul 06, 2010 -

SIA Reports Globals Chip Sales In May Rose By 4.5 Percent Month-on-Month

Jun 25, 2010 -

SIA Applauds Release of IP Enforcement Joint Strategic Plan

Jun 21, 2018 -

ROSIN RESINS FOR SOLDERING SOLUTION

Jun 20, 2018 -

ECO-FRIENDLY MEETS HIGH-TECH – Product Launch at Nepcon Thailand

Jun 20, 2018 -

Inspection Services Labs in San Jose and Ohio Now Fully Equipped with Non-Destructive Testing Technology

Jun 20, 2018 -

VJ Electronix Promotes Frank Cosentino to Western Regional Sales Manager for the Americas

Jun 20, 2018 -

Scienscope Expands Partnership with Restronics

Jun 18, 2018 -

About the creation of communication standards to enable machine to machine cooperation in SMT lines by ELS

Jun 18, 2018 -

Online SMT Auction July 5th – July 11th, 2018

Jun 17, 2018 -

SMT Nuremberg Pays Off for Europlacer & Speedprint.

Jun 17, 2018 -

Libra Industries’ Christopher R. Howell Memorial Foundation Awards $22,500 in Scholarships during Annual Golf Outing

Jun 17, 2018 -

New Low-Temperature Solder Paste from SHENMAO

See electronics manufacturing industry news »

Chip Industry Projects Big Jump in Sales in 2010; Slower Growth to Follow news release has been viewed 2 times

  • SMTnet
  • »
  • Industry News
  • »
  • Chip Industry Projects Big Jump in Sales in 2010; Slower Growth to Follow
used pcb assembly equipment - lel semi

Custom Conformal Coating Masks