Global Chip Makers Cut 2007 Sales Outlook

According to World Semiconductor Trade Statistics, the world's top chip makers have cut their sales growth forecast after a weaker-than-expected first quarter. The good news is that they still expect solid growth in 2008.

The global semiconductor market is now expected to grow by 2.3 percent to $253.51 billion in 2007. In October it expected growth of 8.6 percent. The group also trimmed its 2008 growth estimate for the worldwide semiconductor market to 10.2 percent from an earlier expectation of 12.1 percent growth.

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