*NEWS*CHINA DRIVING GLOBAL CHIP SALES

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*NEWS*CHINA DRIVING GLOBAL CHIP SALES

 user 2006-10-31 at 1:39:00 pm Views: 85
  • #16774

    China ‘driving global chip sales’
    China’s
    growing demand for computers and mobile phones will fuel strong growth
    in the global microchip market, an industry body has said.Worldwide
    chip sales are expected to rise by 8.6% next year and then grow 12.1%
    in 2008, the World Semiconductor Trade Statistics (WSTS) has
    forecast.The Asia-Pacific region will account for most of the growth,
    led by China.But the body has revised down its 2006 growth forecast
    from 10.1% to 8.5% because of weak second quarter sales.Intel, the
    world’s largest chipmaker, struggled with production and supply
    problems earlier this year although it has since reported record
    shipments of chips for mobile phones and computer servers.Growth
    forecasts for 2008 were predicated on a “challenging yet generally
    healthy world economy”, WSTS added.