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Microchip Technology Inc. Message Board

  • philippians4and13 philippians4and13 Oct 30, 2002 9:51 AM Flag

    2003 chip forecast cut 23.5%

    Yesterday, NewsFactor.com reported on the trade group World Semiconducter Trade Statistics Committee. The Committee cut its forecast for chip sales growth 23.5% (from a growth of 21.7% to a growth of 16.6%), "citing a delay in an electronics recovery that had been expected to materialize in this year's fourth quarter." NewsFactor goes own to state:
    "Even worse, the Americas [Western Hemisphere statistics] are expected to see sales decline by 11.3% next year."
    What are independent consultants saying? The well-known Gartner group has an analyst, Richard Gordon. He is quote as stating he thinks even the 16.6% growth forecast is "an unachievable number for next year."

 
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