Chip sales to hit $400 billion within five years

Posted on Saturday, Dec 23 2006 @ 20:01 CET by Thomas De Maesschalck
By 2011 semiconductor sales will grow to $400 billion, IC Insights predicts. This year chip sales will reach about $247 billion, 9 percent more than last year.
Even though annual growth will slow a bit, the amount spent on equipment will remain steady. IC Insights thinks spending on chip gear will exceed $80 billion in 2011, which means capital spending as a percentage of semiconductor sales would be similar to the 2006 ratio of 21 percent, the report said.

IC Insights said $53 billion will be spent this year on equipment, a 14 percent increase over 2005. The record remains $60 billion, set in the dotcom heyday of 2000.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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