Chip Forecast Revised Upward

The global semiconductor market will grow 10% in 2006, reaching $250 billion in sales, according to a revised trade group forecast.

The latest forecast for 2006 is higher than the World Semiconductor Trade Statistcs' initial projections, released last fall, which called for only 8% growth in 2006 chip sales.

While some investors are worried that the chip market is nearing a peak, the industry group projected solid double-digit growth through 2008 as consumer electronic devices incorporate an increasing amount of semiconductors. ...