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Gartner Cuts Forecast for Global Chip Sales

May 21, 2003|From Reuters

Market research firm Gartner Inc. slightly lowered its 2003 growth forecast for global microchip sales, saying there were no clear signs of a recovery for the industry.

Global semiconductor sales are forecast to grow 8.3% with sales of $168 billion this year, said Gartner, whose previous forecast was for 8.9% growth.

In 2002, worldwide chip sales grew 1.3% to $152 billion, according to Gartner and the Semiconductor Industry Assn.

Businesses are not confident enough about the economy to begin replacing old computers, Gartner said.

From Reuters

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