Portsmouth Group expects IC market to grow 37% in 2004, not 44%

The Portsmouth Group released a revised forecast for IC revenue growth in 2004 compared with 2003 forecasting the market would grow by 37%. The group had previously forecast that the market would grow by 44% in 2004 and 20% in 2005. The Portsmouth Group for the first half of 2004 forecast shipment of 53.6 bln units worldwide versus an actual value of 52.9 bln units. IC revenue was forecast at $86.4 bln dollars versus actual revenue of $85.7 bln dollars and manufacturing capacity utilization was forecast to be 94.6% versus actual utilization of 94.4%.