iSuppli Trims 2008 Semiconductor Forecast
The research group says concerns about the U.S. economy will reduce market revenues in the first half of 2008. While the global semiconductor market is expected to grow in 2008, concerns about the U.S. economyespecially the sub-prime mortgage crisisis leading market research company iSuppli to reduce its revenue forecast for next year.
In a Dec. 20 report, iSuppli now reports that worldwide semiconductor revenue will grow 7.5 percent in 2008, to $291.4 billion. In September, the company had called for a revenue increase of 9.3 percent. If the semiconductor market slows, then iSuppli predicted that the sales of a wide range of hardware, including desktops, laptops and handheld devices, could also lag in 2008. For most of 2007, PC revenue increased thanks to both enterprise buyers and consumers buying notebooks in record numbers and a renewed interest in lower-priced desktops.
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