The Semiconductor Industry Association (SIA) believes that the industry will gain just about 1.3 percent over 2010 and end up at about $302 billion in sales.
However, the good news is that the $300 billion mark will be broken for the first time, setting a new milestone for the industry. For 2012, the chip industry expects another tough year with 3.7 percent of growth, while 5.8 percent are predicted for 2013. October chip revenue was $25.7 billion, slightly down from $25.7 billion in September. Compared tpo October 2011, chip sales were down 1.8 percent from $26.2 billion.
"The combination of record-breaking sales in 2010 coupled with this year’s forecast topping the $300 Billion mark for the first time is welcome news for both the semiconductor industry and the entire economy," said SIA president Brian Toohey in a prepared statement. "Despite a challenging global economic environment this year and the natural disasters that have impacted production in Asia, the semiconductor industry has demonstrated impressive resilience."