WSTS lowers semiconductor market growth forecast to 1.2% in 2005

World Semiconductor Trade Statistics (WSTS) slashed its growth forecast for the semiconductor market to 1.2% in 2005, a sharp slowdown from this year’s expected rate. It had forecast in June that the market would grow 8.5% next year. That is already a slowdown from an expected 28.5% growth rate this year, the WSTS European committee said on Tuesday, giving a 2004 forecast that was little changed.