Global chip market to grow 20% in '04 : STMicro

by CXOtoday Staff    Oct 29, 2003

Europe¨s chip manufacturing giant STMicroelectronics, said on Tuesday that it expects the global chip market to grow by 18-20 percent in 2004, as chips witness a rebirth of sorts, from a three-year slump.

Chief Executive Pasquale Pistorio announced at a press release, that analysts were expecting the same quantum of growth next year.

“According to our viewpoint, growth next year will be double-digit. Given expectations of economic recovery in the United States, Japan and Europe, and a strong environment in Asia-Pacific, we think that those conditions will bring about sustained growth in the semiconductor industry,” he said.

Tags: Microchip