Semiconductor Demand

The global semiconductor industry should grow at a compound annual average growth rate of 20% through 2003, driven in part by the increasing pervasiveness of the Internet, the Semiconductor Industry Assn. said in its midyear forecast. The industry has not seen such growth since the 1993-95 period, the association noted. The overall growth of the semiconductor industry will be 31% in 2000, with revenue of $195 billion, and expanding 25% to $244 billion in 2001, the SIA said. The market is expected to continue its momentum in 2002 with sales of $279 billion, a 14% increase, and ending in 2003 with $312 billion in sales, an increase of 12%.