Semiconductor industry to break $300 billion in 2008

The Semiconductor Industry Association (SIA) announced it expects semiconductor revenues will rise to $303.4 billion in 2008:

The semiconductor industry has little to worry about over the next few years, if the estimates of the industry organization are right. 2006 sales, which have been stronger than expected at the beginning of this year, will increase about 9.4% over 2005 and reach $248.8 billion, the SIA said. 2007 will follow with a 10% increase to $273.8 billion and 2008 with 10.8% to $303.4 billion. A decline in growth is expected for 2009, which the SIA believes will grow sales by 5.8% to about $321 billion.

More info at TG Daily.