Semiconductor sales to grow only by 1.8% in 2007

Semiconductor Industry Association lowered its forecast for 2007 global microchip sales growth from 10% to 1.8% despite solid fundamentals and continued strong unit growth in major end markets. The new SIA forecast projects total sales of $252 bln in 2007, rising to $306 bln in 2010. Total sales will grow by 1.8% to $252 bln in 2007, with further growth to $306 bln in 2010. The new forecast projects a 5.4% compound annual growth rate for year end 2006 through 2010.