Semiconductors generated $247.7 bln in 2006

After five consecutive years of revenue growth that brought worldwide semiconductor revenue to a record $247.7 bln in 2006, the cyclic history of the industry would suggest a reversal is overdue, reports In-Stat. But with an extended period of above-average worldwide GDP growth ahead, continued semiconductor revenue growth will occur in 2007 and 2008, followed by a mild average selling price-driven downturn in 2009, and a return to growth in 2010 and 2011.