Chip sales to fall 5.6% in 2009, to rise 7.4% in 2010, to rise 7.5% in 2011

SIA expects 2009 chip sales to fall 5.6% to $246.7 bln, following a forecast 2.2% increase in 2008 to $261.2 bln. The trade group expects annual growth to resume in 2010, with chip sales rising 7.4% to $264.9 bln, and increasing another 7.5% to $284.7 bln in 2011.