SIA projects record sales for semiconductor industry in 2010

Washington, DC--The Semiconductor Industry Association (SIA) released its annual forecast of global semiconductor sales for 2010 through 2012, projecting record sales of $300.5 billion in 2010, an increase of 32.8%. The forecast calls for sales to grow by 6.0% in 2011, to $318.7 billion, followed by an increase of 3.4% to $329.7 billion in 2012. The projected compound annual growth rate is estimated to be 13.4% for the period 2009 through 2012.

"We experienced record sales this year due to strong global demand across a broad range of end markets," said SIA president Brian Toohey. "We expect more moderate growth through 2012 as the economy recovers and consumer confidence restores," Toohey concluded. Lasers play a key role in semiconductor microelectronics processing and lithography steps.

The SIA says it is the voice of the U.S. semiconductor industry, America’s number-one export industry over the past five years. SIA seeks to continue U.S. leadership in this critical sector that employs 185,000 people in the U.S. and provides the enabling technology for America’s $1.1 trillion high-tech industries with a U.S. workforce of nearly 6 million people.

SOURCE: SIA; www.sia-online.org/cs/papers_publications/press_release_detail?pressrelease.id=1819

Posted by:Gail Overton

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