Semiconductor Industry Assn. Cuts 2008 Chip Sales Forecast

The Semiconductor Industry Association today cut its forecast for 2008 worldwide chip sales growth to 4.3% from 7.7%, citing ongoing weakness in memory chip pricing. Sales ex-memory products are expected to grow 7.4%.

SIA projects 6.1% compound annual growth through 2011, with growth of 6.2% in 2009 and 8.4% in 2010.

SIA notes that PC sales are on pace to grow 10% this year, with cell phone units expected to grow 12%, flat-panel TV units expected to grow more than 29% and digital cameras projected to grow 11%.

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